Asset Report
Azar
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Azar field, one of Iran's recent discoveries in the prolific Zagros fold belt, lies 10 kilometres south of Mehran and near the Iran-Iraq border. The field shares hydrocarbon resources with Iraq's Badra field. Owned by the National Iranian Oil Company (NIOC), Azar holds an estimated 2.4 billion barrels of stock tank oil initially in place (STOIIP). Azar was developed by an Iranian exploration and production company, Oil Industries Engineering and Construction (OIEC), between 2012 ...
Table of contents
- Summary
- Key Issues
- Reservoirs
- Seismic
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Emissions
- Phase 1 - Buy-back contract (OIEC)
- Development drilling
- Surface facilities
- Phase 2 - IPC
- NGL-3100
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Capital costs
- Azar Phase 1 capital costs
- Azar Phase 2 capital costs
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Operating costs
- Azar Phase 1 operating costs
- Azar Phase 2 operating costs
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Buy-back contract terms
- Cost recovery
- Profit petroleum/Remuneration fee
- Income tax
- Royalty
- Bonuses
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NIOC concession contract terms
- Government priority production
- Income tax
- Capital and operating costs
- Depreciation
- Iran Petroleum Contract
- Cash flow
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
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Index mapDetail mapParticipation
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Reserves (2P) at 01/01/2026Production (2015-2024)Production profile - Azar Phase 1 (Buy-back contract)Production profile - Azar Phase 1 (NIOC)Production profile - Azar Phase 2 (IPC)Pipeline summarySub-commercial fieldsCapital Costs Pre-2016 to 2024 (US$ million)
- 24 more item(s)...
What's included
This report contains:
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