Project Profile
Location: Southeast of Qeshm Island in the Persian Gulf, Southern Iran
Reserves: 411mln barrels (recoverable reserves have been put at 53-70mln barrels before and 107mln barrels after water injection)
Production: 25,000 barrels per day (bpd)
The major development plan for the Tosan oilfield in Southern Iran was finalized and submitted to the Iranian Offshore Oil Company (IOOC). The plan of developing Tosan (Tusan) oilfield is located in the Southern part of Iran. The oil production from the field is projected to reach 25,000 barrels per day (bpd), though an agreement had been reached with the contractor for the production of 7,000-10,000 bpd in the first stage. IOOC cut a US$450 million deal for the development of the Tosan oilfield. The development of the oilfield will be completed in 36 months under a buyback contract signed between the IOOC and the Khatam ol-Osia. Located Southeast of Qeshm Island in the Persian Gulf, in-place reserves of the Tosan oilfield have been estimated at about 411mln barrels. Recoverable reserves have been put at 53-70mln barrels before and 107mln barrels after water injection.
Operators:
Iranian Offshore Oil Company (IOOC): Operator with 100% interest
Contractors:
Khatam ol-Osia: EPC contract deal for the development of the oilfield