Tag Archives: Offshore

The NIOC has increased exports to European customers to 700.000 barrels per day.

SOCAR uses Guneshli’s export revenue to subsidize the company’s less profitable onshore fields.

Transparency in contracts with domestic companies operating in the oil and gas industry cut the cost of domestic petroleum projects by 20% in fiscal 2017-2018 compared to the previous year. an official at the Iranian Offshore Oil Company (IOOC) said. Openness and transparency in tenders for domestic projects in the …

Iran is pushing with plans to play a bigger role in the global energy mix.

Iran has planned to issue tenders on 49 oil and gas fields based on newly designed agreements.

Each of the phases are currently producing 46 million cubic meters of natural gas.

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

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.

Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.