Middle East Economic Survey

VOL. XLVIII

No 50

12-December-2005

IRAN

Norsk Hydro Submits Commerciality Report For Azar Discovery

Norsk Hydro submitted a commerciality report for its Azar oil discovery to the National Iranian Oil Company (NIOC) on 5 December. After testing the Azar-2 discovery well on the Anaran block during the summer, Hydro estimated the production potential for the find at 100,000 b/d and oil-in-place at more than 1bn barrels (MEES, 5 September). In August a production test...