West Karoun Area Infographics
West Karoun are is among oil-rich areas in Iran. It is home to five oil fields: North Azadegan, South Azadegan, North Yaran, South Yaran and Yadavaran. West Karoun is estimated to hold more than 67 billion barrels of oil.
Most oil fields in this area are shared with Iraq.
So far, the first development phase of North Azadegan and Yadavaran fields as well as development of North Yaran have become operational.
Hassan Rouhani, President of the Islamic Republic of Iran:
Three years after the 11th administration took office, with the startup of the first phase of North Azadegan and Yadavaran and full development of North Yaran, more than 250,000 b/d of oil is being recovered from West Karoun area.
Bijan Zangeneh, Minister of Petroleum of the Islamic Republic of Iran:
The West Karoun fields have capacity to produce 1 mb/d and to reach this level of production and sustainability we will need $18 billion to $20 billion in investment in coming years.
North Azadegan Oil Field
Oil Reserves in Place: 6.5 billion barrels
Shared Field in Neighboring Country: Iraq's Majnoun
Current Output: 75,000 b/d in Phase 1
Potential Output Capacity in Phase 1: 85,000 b/d
Phase 1 Startup: December 16, 2016
Investment Made So Far: $2.55 billion
Developer of Phase 1: China's CNPCI
Yadavaran Oil Field
Oil Reserves in Place: 34 billion barrels
Shared Field in Neighboring Country: Iraq's Nahr Umar
Current Output:85,000 b/d in Phase 1
Potential Output Capacity in Phase 1: 135,000 b/d
Production Perspective: 180,000 b/d in Phase 2, 300,000 b/d in Phase 3
Phase 1 Startup: December 16, 2016
Investment Made So Far: $2.9 billion
Developer of Phase 1: China's Sinopec
North Yaran Oil Field
Oil Reserves in Place: 1 billion barrels
Shared Field in Neighboring Country: Iraq's Majnoun
Current Output: 30,000 b/d (final output)
Potential Output Capacity: 35,000 b/d
Phase 1 Startup: December 16, 2016
Investment Made So Far: $585 million
Developer of Phase 1: Persia Oil and Gas Industry Development Company