Iran plans to drill a new borehole at the Sardar-e Jangal Field in the Caspian Sea in Gilan Province, the director of exploration of the Khazar Exploration and Production Company, Ali Osuli, said, Trend reports.
The field has about 2 billion barrels of light oil reserves, 500 million of which can be extracted. The oil contains no toxic hydrogen sulphide. About 8,000 barrels of oil will be extracted daily.
The National Iranian Oil Company says that the field is located in the territorial waters of Iran.
