Soroosh and Norooz is a producing heavy oil field located in shallow water in Iran and is operated by Iranian Offshore Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Soroosh and Norooz. Buy the profile here.
An expansion project is associated with the Soroosh and Norooz, namely the Soroosh EOR. This project is currently in the feasibility stage.
Field participation details
The field is owned by National Iranian Oil.
Production from Soroosh and Norooz
The Soroosh and Norooz heavy oil field recovered 85.81% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 190.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038.
Remaining recoverable reserves
The field is expected to recover 109.34 Mmboe, comprised of 109.34 Mmbbl of crude oil & condensate. Soroosh and Norooz heavy oil field reserves accounts 0.25% of total remaining reserves of producing heavy oil fields globally.
About Iranian Offshore Oil
Iranian Offshore Oil Co (IOOC), a subsidiary of National Iranian Oil Co, is an oil and gas exploration and production company. The company carries the activities of exploration, production and development of oil and gas fields. Its services include renovating and reconstructing the installations, improving the production methods and conservation of oil and gas reserves. IOOC also performs storage engineering, descriptive drilling and general engineering and construction activities. The company has operations across Bahregan, Kharg, Siri, Lavan, Qeshm, Kish in Iran. IOOC is headquartered in Tehran, Iran.
For more details on the Soroosh and Norooz Heavy Oil Field, buy the profile here.