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Iran says 3-year energy discoveries worth $125 bln.

TEHRAN, Aug 28 (Reuters) - Iran said on Monday it had discovered oil and gas reserves worth $125 billion in the past three years.

Iran found 5.34 billion barrels of crude and liquid gas, 28.7 trillion cubic feet (820 billion cubic metres) of mainly sweet natural gas during the same period, said Mahmoud Mohaddes, director of exploration at the National Iranian Oil Company.

Among the main discoveries are Bibi-Hakimeh field, known for its rich LNG reserves - 110 barrels for every million cubic feet of natural gas, he told reporters.

The Gordan field in southern Fars province has gas reserves of three trillion cubic feet.

Iran 's Foundation for the Deprived and War Disabled, a public charity organisation, is in a $100 million venture with Norway's Norsk Hydro to do seismic surveys in the Gulf and the Gulf of Oman, Mohaddes said.

He said Iran had prepared a comprehensive exploration plan to identify potentially rich reserves. Drilling work is already up by 28 percent, he said.

Iran 's Oil Minister Bijan Zanganeh said on Saturday Iran had 96 billion barrels of crude oil and 26 trillion cubic metres of natural gas.

The country had previously estimated crude reserves at 92 billion barrels and gas at 22 trillion cubic metres.


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