document: On 23 January 2019, National Iranian Oil Company announced that it had encountered 40Â° API oil at a depth of 3,770 m in the Minoo 1 exploration well in Khuzestan Province. The well, which is believed to have been spudded in December 2017, is being drilled at the Minoo (Abadan) prospect. It is located close to the Iran-Iraq border, approximately 15 km south-east of the Siba gas field in Iraq. Drilling and testing of the well was continuing in May 2019. The Minoo (Abadan) prospect, located in the Dibdibah Sub-basin, is presumed to be an anticlinal structure with Cretaceous objectives. Iran has stated that the oil encountered at Minoo represents the first oil discovery in the Abadan area.
summary: Minoo 1 National Iranian Oil Company announced that it had encountered 40Â° API oil at a depth of 3,770 m in the Minoo 1 exploration well in Khuzestan Province. 