Field history:The exploration well in this field was drilled in 1973 and resulted in oil discovery in Asmari Formation and Bangestan Group. The result of the tests was negative in Khami Group. Asmari reservoir has a surface closure of 29Km2 and oil column of 198m. This formation in this field is divided into 5 zones out of which zones no 1, 4 and 5 are producing ones. Their average porosity is 14%, water saturation 33% and the ratio of net to gross thickness is 7%. This reservoir contains 371MMbbl oil with 25.4 API degrees, 148Bcfg in place gas; the amount of H2S has been reported to be very slim. Producing capability is 2MBD for each well and recoverable coefficient is to be 6% in Asmari Formation. The oil-water contact is at -1737m depth.The Bangestan reservoir has surface closure of about 30km2 and oil column is 228m. This reservoir contains 384MMbbl oil with 28.3 API degrees and the H2S is 1.3 weight % and 236Bcf in place gas. The producing capability is 2.5MBD for each well and coefficient recovery of 8% is considered for it. Oil water contact in Bangestan reservoir is at -2939.8m depth. This filed development will be in two phases with early production of this project.

Field General information:

Field location:
The Kaki oil field is located the southeast of Khurmuj town, 20km northeast of Kuh-e Mond and south of Khurmuj anticline. The Kuh-e-Kaki anticline is a simple onshore structure exhibiting four-way dip closure, 70km east of the coastal Bushehr structure and 20km NE of Kuh-e-Mand, in the North Fars area . One well drilled as Kaki#1 from Asmari to Bangestan and Khami was drilled .Tests clarified 2 oil bearing zones in Asmari and Sarvak.
Kaki mountain - Genaveh port = 190.45 km
Kaki mountain - Zaqheh field =258.57 km
Kaki - Boushehr airport =116.00 km
Kaki - Boushehr port =115.81 km

Oil in place:
Asmari STOIIP
P90 of 96MM stb Base Case 371MM stb P10 of 548MM stb
Sarvak STOIIP
P90 of 182MM stb Base Case 384MM stb P10 of 534MM stb
API No:Asmari 25.4oand Sarvak: 28.3
Early production:5,000 bopd
First phase:Target Up to 7,000 bopd
Second phase:Target Up to 14,000 bopd
Existing well No.:KU-1
Existing well production rate & data:
Oil was recovered from carbonate reservoirs in the Miocene Asmari Formation, which flowed 2,000 bopd during the drilling operations, 5,000 bopd in 1977 on production test; and 2,500 bopd from the Cenomanian Sarvak Formation during the drilling operations
Planned well No:Five

Field name: Boushgan

Field history: The BN#1 was discovered in BUSHGAN field in 1963. It is located 100 km to the south west of Shiraz, 100 km to the east of Bushehr port and 30 km away from Dalan gas field. The structure is 45 km long and its width ranges from 3 to 10 km. Only the Asmari limestone was hydrocarbon-bearing and was tested to 1,100 stb/d production rate through airlifting. The well reached TD in the Jurassic Surmeh Formation. This field drilling will be started at Second phase of project. Field General information:Possible reservoirswould be Asmari, Middle and lower cretaceous,Jurassic an Triassic formations
Field location:
It is located 100 km to the south west of Shiraz, 100 km to the east of Boushehr port and 30 km away from Dalan gas field. The structure is 45 km long and its width ranges from 3 to 10 km.
Boushgan - Genaveh port =152.06 km
Boushgan - Boushehr airport =79.44 km
Boushgan - Boushehr port =79.70 km
Oil in place:26-46 million barrels
API No:31.5 oil in Asmari formation
Second Phase:Target Up to 2,000 bopd
Existing well No.:BN-1
Existing well production rate & data:5000 pb/d
Planned well No:Two

Planned well production rate & data:
Our mission:
Our mission is to prepare Master Development Plan based on the data submitted by NIOC, negotiating Buy Back Contract and start drilling new wells after Service Contract is signed and initiated to us. We have appointed one land rig 2000hp for this field. We are using the latest available technology for drilling, producing & transporting this crude oil.