The purpose of signing these contracts is to solve the problems of the fields considered in the deals and enhancing their recovery factor.
Read More »NIDC Drillings Hit 132.000 Meters in 10 Months
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.
Read More »Brazil to Stay Out of OPEC to Make the Most of Output Expansion
Brazil. which became a net oil exporter last year. wants to expand its footprint in global energy markets without joining OPEC.
Read More »Iran’s Petropars Developing South Pars Gas Field after Withdrawal of Foreign Companies
The offshore field. which Iran calls South Pars and Qatar calls North Field. is shared between Iran and Qatar.
Read More »NIDC Digs 96 Oil. Gas Wells in 10 Months
The drilled wells consisted of two exploration wells and 35 development appraisal wells as well as 59 workover ones.
Read More »Brazil Unlikely to Join OPEC as It Plans Unrestricted Output Expansion
The Latin American country is seeking feedback from global oil majors to improve participation in upcoming auctions.
Read More »Iran Saves $1b by Replacing Gasoil Fuel with Gas in Kish Power Plant
The head of the Iranian Offshore Oil Company’s Kish District said by replacing gasoil with gas in the island’s power plant. the country has saved an equivalent of $1 billion worth of gasoil.
Read More »Maersk Drilling wins contract extension for low-emissions rig offshore Norway
Maersk Drilling has secured a two-well contract extension from Aker BP for the ultra-harsh environment. low-emission jack-up rig Maersk Integrator.
Read More »IOOC Launches PIMS Project
The Iranian Offshore Oil Company (IOOC) has successfully launched its first pipeline integrity management system (PIMS) in the Iranian oil industry.
Read More »EU Bank Lends €64m to Support Wind Farms in Poland
The three wind projects will have a total installed capacity of up to 97MW.
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