Asset Report
Soroosh-Nowruz
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Soroosh (formerly Cyrus) and Nowruz oil fields are located in shallow waters in the northern Persian Gulf, 83 kilometres west of Kharg Island. Soroosh is Iran's largest offshore oil field. The Soroosh field was brought onstream in 1967 and the Nowruz field in 1971 but both were shut-in following the outbreak of the Iran-Iraq war in the 1980s. In 1995, the National Iranian Oil Company (NIOC) offered the renovation and upgrading of the fields to foreign oil companies, under a buy-back ...
Table of contents
- Summary
- Key Issues
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Soroosh
- Field structure
- Reservoirs
- Nowruz
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Soroosh
- Buy-back development
- Additional development
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Nowruz
- Buy-back development
- Additional development
- Floating storage unit
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Capital costs
- Buy-back costs
- NIOC costs
- Buy-back capital costs
- NIOC capital costs
- Operating costs
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Buy-back contract
- Cost recovery
- Profit petroleum/remuneration fee
- Income tax
- Royalty
- Bonuses
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NIOC contract
- Government priority production
- Income tax
- Capital and operating costs
- Depreciation
- Cash flow
- Global Economic Model (GEM) file
- 2 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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Reservoir and hydrocarbon characteristicsReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2015-2024)NIOC production profileBuy-back production profileOperating Costs 2024 to 2033 (US$ million)Pipeline summary
- 15 more item(s)...
What's included
This report contains:
