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- Persian Gulf- One of the Most Strategic Waterways in the World due to its Importance in World Oil Transportation.
Persian Gulf- One of the Most Strategic Waterways in the World due to its Importance in World Oil Transportation.
- By Oil and Gas Author
- Published 09/4/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Offshore Drilling , Petroleum Pipeline
- Unrated
Oil and Gas Author
Oil and Gas Articles features up-to-date, searchable oil and natural gas industry articles, online oil and gas publication service, and a full-text article database covering all areas of the oil and gas industry.
View all articles by Oil and Gas AuthorMajor offshore Persian Gulf Oil fields include Khafji and Hout, both of which are connected to Saudi Arabias Safaniyah, the worlds largest offshore oilfield (with estimated reserves of 35 billion barrels). Offshore production includes Arab Medium crude from the Zuluf (over 500,000 bbl/d capacity) and Marjan (270,000 bbl/d capacity) fields and Arab Heavy Crude from the Safaniya field.
The Doroud 1&2, Salman, Abuzar, Foroozan, and Sirri fields comprised the bulk of Irans offshore output, all of which is exported. Iran plans extensive development of existing offshore fields and hopes to raise its offshore production capacity sharply to 1.1 million bbl/d from about 675,000 bbl/d currently. In early October 2003, Iran re-launched a tender for eight exploration blocks in the Persian Gulf after receiving little interest from a January 2003 announcement. One area considered to have potential is located near the Strait of Hormuz. Another interesting area is offshore near Bushehr, where Iran claimed in July 2003 to have discovered three fields with as much as 38 billion barrels of oil reserves.
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Persian Gulf- One of the Most Strategic Waterways in the World due to its Importance in World Oil Transportation.
