The Future of Iran’s Oil and Gas Industry
26 Pages Posted: 23 Oct 2018
Date Written: October 19, 2018
Iran holds the largest combined oil and natural gas reserves in the world. Proximity and access to major energy demand centers make Iran a major player in global energy supply. However, the country’s isolation and the absence of investments by international companies in its oil and gas industry have hindered development and led to a lack of understanding of Iran’s potential capability. From a geological standpoint, Iran has prime development opportunities and the government has expansive development plans for its industry, which includes both green fields in the Arvandan region, as well as opportunities to implement improved oil recovery (IOR)/enhanced oil recovery (EOR) techniques to increase recovery rates for the giant fields in the Khuzestan Province and offshore Persian Gulf.
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