VOL. XLIII

No. 34

21-August-2000

IRAN

NIOC Announces Discovery Of New Onshore Gasfield

Iran announced on 13 August that it had discovered a new onshore gasfield with recoverable reserves of 133.1bn cu ms (4.7 trillion cu ft) of sweet gas and 58mn barrels of condensate. According to Mohammad Mohaddes, director of exploration at the National Iranian Oil Company (NIOC), the new field, called Homa, has a production capacity of 500mn cu ft/day (14.16mn cu ms/day) from three structures named Kangan,...