Tag Archives: National Iranian Oil Co. (NIOC)

Iran aims to raise natural gas production to 1.1 billion cubic meters per day in the present fiscal year.

Oil shipments from Iran reached a daily average of 2.6 million barrels in fiscal 2016-17.

ADS is to bring Iran'.s petroleum sector up to speed with advanced well control and drilling techniques.

In 2012. Iran discovered a new oil layer with in-place reserves of two billion barrels in Sardar-e-Jangal oil and gas field.

During the second half of 2016. BP Iran Limited leased and refurbished an office in Tehran.

Production capacity in the West Karoun oilfields is set to reach 500.000 barrels per day by July from the present 300.000 bpd.

Total has submitted a development proposal for the project.

. Iran is now producing 3.9 million bpd of crude oil and gas condensates.

A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.