Production Improvement of Ahwaz-Bangestan Oil Reservoir and implementation of pressure maintenance by gas and injection as a means of oil recovery (OIR) was offered to the international oil and gas companies under ”buy back” terms. Petroiran Development Company (PEDCO) was invited to submit a proposal and participate in the development of the field.

 

Hengam Field is located in the Strait of Hormoz, Persian Gulf and approaches the offshore median line between Iran and Oman. The field is named Hengam and West Bukha in by Iranian and Omani parties, respectively. The field lies predominantly within the Iranian Territorial waters and the part that extends towards the Omani waters is of poor quality and, therefore, does not contribute to recoverable reserves.

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