Iran Oil Recovery Factor

EghtesadOnline: In line with efforts to boost production from hydrocarbon reserves in Khuzestan Province, plans are in place to raise recovery factor from the oilfields in the region by a maximum of 20%, managing director of the National Iranian South Oil Company said.

EghtesadOnline: The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in oilfields, the managing director of National Iranian Oil Company said.

EghtesadOnline: Iran will miss out on substantial revenues from oil and gas fields unless it raises the rate of recovery from its underground hydrocarbon reservoirs with the help of advanced technical know-how, the former head of a committee responsible for designing the new Iran Petroleum Contract said.