The managing director of the National Iranian Oil Company (NIOC), Ahmad Qalebani, has confirmed a new gas field discovery in eastern Asalouyeh, according to Iran’s own Press TV.
“The gas field, named Madar and located 15 kilometers east of Asalouyeh, has reserves of about 495 billion cubic meters of gas,” Qalebani said on Monday.
Qalebani estimated the value of the gas field at US$133 billion, Fars News Agency reported.
In June, Iran discovered Khayyam gas field with in-place reserves of 277 billion cubic meters of natural gas in the southeastern port city of Asalouyeh in Hormozgan Province.
Iran discovered 13 new oil and gas fields with in-place reserves of 14 billion barrels of oil and 45 trillion cubic feet of natural gas from August 2009 to August 2010, Iran’s Oil Ministry reported.
