BP currently intends to continue to hold its ownership stake in the Rhum joint arrangement and act as operator.
Read More »Iran Wants about $10b for Offshore Fields Investment
A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.
Read More »Iran `Not Concerned` by Indian Threat to Cut Oil Imports
India is one of our good costumers. but we cannot sign (a) contract under threat.
Read More »NIDC Expanding Oil. Gas Drilling
NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.
Read More »South Pars 5 Phases to Boost Iran Gas Output
The five phases of the giant South Pars gas field (17. 18. 19. 20 and 21) will boost Iran’s daily gas output by 150 million cu m.
Read More »Qatar to Boost Gas Production from Underwater Field
Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.
Read More »India to Cut Iranian Oil Purchases in Row Over Gas Field
Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.
Read More »Iran Begins Oil Recovery from South Pars
Production from the layer will reach 35.000 barrels per day once its wells are fully operational.
Read More »Iran Using Gas Injections to Boost Oil Output
Injecting gas into oil fields had a central role in Iran’s plans to increase its oil production.
Read More »Pakistan to Discuss GSPA Issues with Iran
The work on IP project could not be initiated due to international sanctions on Iran.
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