Iran produces 715 mb of oil from West Karoon joint fields

SHANA — The National Iranian Oil Company (NIOC) says Iran has recovered over 715 million barrels of oil from the joint field located in West Karoon region, west of the country.

Director of Integrated Planning and Director at NIOC Karim Zobeidi said 87 billion barrels of in-place crude oil is estimated to be in the region’s reserves of which over 715 million barrels have been recovered by Iran so far.

The fields’ average recovery rate is 15% and 13 billion barrels of oil can be recovered from the region, he added.