Tag Archives: Drilling

Total production from South Pars is currently around 630 mcm and is expected to near 700 mcm by March.

Touraj Dehqani. CEO of Petroleum Engineering and Development Company (PEDEC). has said the company plans to increase production from the Yadavaran oil field.

Some 120 kilometers southeast of the southern Bushehr Province. Iran owns a gas field holding more than 57 tcf of gas in place.

Omid Asakareh. CEO of Negin Afagh Kish Energy Development Co (TENCO). says his company is set to sign an agreement for the development of an oil field in southern Iran.

The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells. now that dwindling investor interest has made it tougher for private equity players to offload shale assets.

U.S. oil production from tight formations increased in 2019. accounting for 64% of total U.S. crude oil production.

National Iranian Drilling Company has announced it successfully drilled over 132.000 meters of oil and gas wells over the course of the past 10 months.

The development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.