Tag Archives: Drilling

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

North Drilling Company specializes in drilling oil and gas wells in the Persian Gulf. Caspian Sea. Turkmenistan and the Iranian provinces of Khuzestan. Ilam and Bushehr.

The other oil majors. by and large. also appear able to cover their capex and dividends with their cash flow. or at least are coming pretty close.

The latest set of restrictions is being imposed over the conflict in Ukraine.

Azar. with an extraction rate of 16%. is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

Russia’s state-owned Rosgeologia is in talks with Zarubezhneft. Gazprom Neft and Lukoil on joint implementation of projects in Iran.

The state-controlled major recently sold a 30 percent stake in its giant Zohr gas field in Egypt to Rosneft.

Global oil stocks are likely to have fallen in Q3 for just the second time since oil prices started collapsing in 2014.

The country started its seismic energy exploration in eastern Mediterranean on April 21 in line with the government’s ``National Energy and Mining Policy.``

Tehran has signed a raft of agreements with the likes of Eni. Shell. Schlumberger. Lukoil. Wintershall and OMV to study and potentially develop its massive oil and gas deposits.