NIOOC Managing-Director Mahmoud Zirakchianzadeh said in an interview with Shana that the 21 million Euro program is running under the aegis of the Research Institute of Petroleum Industry (RIPI) in collaboration with foreign and domestic academies.
The program that is slated to be completed in a three-year period will have an important impact on the production of hydrocarbon resources in the Persian Gulf and Oman Sea.
"The program is aimed at studying the existing hydrocarbon layers and collecting valuable information on the flow and movement of hydrocarbon resources as well as time of production through conducting three-dimensional modeling," the official noted.
The NIOOC signed a contract in October with the RIPI and Dana Geophysics on modeling oil systems in the Persian Gulf and the Sea of Oman.
The program uses an interdisciplinary approach, including the latest methods of geology (geophysics, petro physic, geo chemical and modeling), to determine the process of reconstruction history of oil sediments in the Persian Gulf and the Sea of Oman since Paleolithic era, find the date of the formation, movement and flow of oil and gas layers and figure out the quality and quantity of the oil and gas reserves in the area.
The unprecedented program includes studying an area covering 183.5 thousand square kilometers, including 80 geological formation, 17 oil and gas fields and 490 oil and gas wells, plus identification of areas with lower exploration risks and more possibility of hydrocarbon discovery.
The program also reduces exploration costs as conventional techniques of exploration required huge funding which meant a great loss of money when no resources were found.
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