Tag Archives: Petropars

Petropars says gas recovery from the Iranian side of the world’s largest gas field has reached 1.8 tcm. The Iranian giant company Petropars said in a statement Sunday that natural gas recovery from the South Pars gas filed had reached a total of 1.8 trillion cubic meters since production started …

The National Iranian Oil Co. is set to sign a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf, oil ministry news service Shana reported May 16. Petropars, Iran’s leading general contractor, will ink a buyback deal with NIOC on May …

Iran’s Petropars Ltd. signed a contract to more than double output at the South Azadegan oil field, the second deal this month to boost production at a deposit shared with Iraq. Petropars agreed to raise the field’s output to 320,000 barrels a day over 30 months from 140,000 currently. The …

The Petropars Group and the National Iranian Drilling Company have signed a memorandum of understanding to cooperate in implementation of oil and gas projects.

Due to the coronavirus outbreak in recent months loading of jackets to South Pars Phase 11 project were delayed but drilling operations would begin in the project by early summer.

Over recent years. the South Pars Phase 11 (SP11) development project has been one of the most controversial projects in Iran.

The CEO of the Petropars Group said his company had won a tender to develop a production maintenance and enhancement project in Forouzan Oilfield.

The purpose of signing these contracts is to solve the problems of the fields considered in the deals and enhancing their recovery factor.

The development activities of the company in the joint fields of West Karoon and South Pars are seriously being pursued and their results are evident.

The offshore field. which Iran calls South Pars and Qatar calls North Field. is shared between Iran and Qatar.