Project Profile
Value: $500 Million
Startup Year: 2014
New onshore oil and gas discovery, with an estimated value of $7.3 billion. The gas reserves were found in the Khami layer of the field. No reserves figures are available, but it has been reported that Khami is one of the highest pressure and deepest natural gas reserves in the world with an in-place gas reserve of up to 7.4 Tcf, of which more than half could be extracted. The field is expected to yield gas at 150 MMcf/d and oil and condensates at 37,000 bpd by the end of the first phase of development. The gas is likely to be used for injection into surrounding oil fields to improve yields. The Khami layer of the Ahvaz oil field is around 60 kilometers southwest of the city of Ahvaz, capital of Khuzestan province.