Middle East Economic Survey


No 48



POGC Reports Oil-In-Place Estimate For Ferdows Oil Reservoir

Ali Vakili, Managing Director of Pars Oil and Gas Company (POGC), announced on 21 November that the large oil layer discovered beneath the main gas reservoir in the Ferdows offshore gas field held an estimated 34bn barrels of oil in place. The petroleum ministrys Shana news service quoted Mr Vakili as saying that the oil layer was one of the largest oil reservoirs in the...