Iran Says Talking to 16 Firms Over Oil Projects

Source: www.gulfoilandgas.com 10/23/2016, Location: Asia

Iran says it is negotiating with 16 international energy companies over investing in the exploration and development of oil and gas projects that it recently put out on tender.

Gholam-Reza Manouchehri, the deputy head of National Iranian Oil Company (NIOC) for engineering and development affairs, told reporters that all the projects which were put out on tender earlier this week are feasible even with oil at $40 a barrel.

“We have a lot of companies approaching NIOC,” Bloomberg quoted Manouchehri as saying. “I’m not sure when we’ll sign the first contract. I hope it will be earlier” than a year from now.

On Monday, the NIOC invited eligible international companies to participate in the pre-qualification phase of a tender for 50 exploration and development targets across the country.

The targets include a variety of low and average risk oil and gas fields. They include lucrative oil targets like South Azadegan, Changuleh, and Ahwaz-Bangestan as well as promising gas fields such as Kish, Farzad-A, North Pars, Golshan and Ferdowsi.

Manouchehri told reporters that South Azadegan field – which is located on Iran’s southwestern border with Iraq – will be probably the first deal that will be announced, but could not provide an exact timing. He added that the project probably needs $10 billion to reach 600,000 barrels a day of output.

The tender is a central part of Iran’s plans to increase its production to above four million barrels per day – the same level that existed before a series of draconian US-led economic sanctions were imposed against the country in 2012.

Iran’s Minister of Petroleum Bijan Zangeneh said earlier that Iran’s oil production has already neared pre-sanctions levels, adding that the country was already producing around four million barrels of oil per day.


China >>  8/17/2022 - In Well Long 46 in Well 150, Ordos Town, three researchers from Liaohe Oilfield Exploration and Development Research Institute were carefully analyzin...
India >>  8/17/2022 - ExxonMobil and the Oil and Natural Gas Corporation (ONGC) have signed a heads of agreement (HoA) for deepwater drilling off the east and west coastlin...

Morocco >>  8/9/2022 - Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concessio...
United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...

Sudan >>  8/1/2022 - Firstly, I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportu...
Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.