Iran has discovered new oil reserves in the southwestern Dezful region, the National Iranian Oil Company Exploration Directorate (NIOCEXP) says.
“According to exploration studies and seismological surveys conducted in the exploratory region of North Dezful, near the fields of Mansouri, Cheshmeh Khosh and Maroun, in the regions in western and eastern Sousangerd, reports are indicating the discovery of an oil reservoir,” NIOCEXP said.
Further reports said the deposits have been found in the Ilam and Gurpi formations which are extended in the provinces of Khuzestan, Lorestan and Fars. They said the volume of the reserves and their types will be subsequently announced by NIOCEXP after further reviews.
The Gurpi Formation is one of the most important lithostratigraphic units in the Zagros foreland basin because of its significance in the petroleum geology of Iran as the source rock.
Iran’s oil sector is facing US sanctions imposed in November, including a pledge by President Donald Trump to bring the country’s oil exports down to zero.