Project Profile
Value: US$200 million
Location: Qom province
Start-up year: 2012
An oil field discovery with estimated reserves of 100 million barrels. Alborz oil field is located between Tehran and Qom province. Azerbaijani officials reported that the Alborz was prospecting for oil in waters that they considered theirs.
In 1998, Azerbaijan and the UK signed a PSA for the field exploration. According to Iran, the agreement was not valid because the lack of defined legal subsurface borderlines in the Caspian Sea.
Operator:
Iranian Central Oil Fields Company (ICOFC): Operator with 100% interest