Tag Archives | Azadegan oilfield

Azadegan Oilfield Tender Delayed Again

By John Lee. The managing director of the National Iranian Oil Company (NIOC) has said that a tender to develop the Azadegan oilfield will not take place this year. Ali Kardor told ISNA news agency that oil companies are still assessing the technical surveys relating to the field, which is shared with Iraq. (Source: Reuters)

Iraq to Invest in Joint Oil Projects with Iran

Iraq’s Oil Minister Jabbar al-Luaibi says an agreement will be signed with Iran soon to jointly invest in two oil fields shared between the two countries. Luaibi did not specify which fields were concerned and when the agreement would be signed. Nevertheless, it would be a groundbreaking move in the history of economic cooperation between […]

Shell, NIOC discuss Gas Field Development

Anglo-Dutch oil giant Shell met with officials from the National Iranian Oil Company (NIOC) to discuss the development project of Iran’s Kish gas field. A delegation from Shell headed by Hand Nijkamp, Shell’s VP in Shell Upstream International, Middle East and North Africa, met with Gholamreza Manouchehri, deputy for development and engineering at NIOC, and […]

Russneft eyes Oil Ties with Iran

Russian oil refining major Russneft has signaled keenness to enhance oil ties with Iran especially in crude oil swap projects, an official said. Amir Hossein Zamaninia, Deputy Petroleum Minister for international affairs and trading, said the Russian company has also indicated its willingness to join development projects in Iran’s oil fields including the Azadegan, Maroon, […]

Tehran to host Workshop on Azadegan Development Tender

Iranian Minister of Petroleum Bijan Zangeneh says a workshop will be held in Tehran on Azadegan Development Project’s tender with foreign participants. According to IRIB, the official said the tender will take 7 or 8 months which is natural for such a major project. “The field is a big one and developers must submit their […]

Inpex to Return to Azadegan Oil Field?

Japan’s biggest oil and gas explorer Inpex Corp might participate in a tender to develop the Azadegan oil field in southwestern Iran and form a consortium with other foreign oil firms to that end, a high-ranking Iranian official said. If Inpex gets involved in the Azadegan again — after giving up its stake in the […]

Shell Proposes Plan to Develop Iranian Oil Fields

At a meeting on Tuesday, Shell submitted its technical study plan to Iran’s Petroleum Engineering and Development Company (PEDEC) for developing the Azadegan and Yadavaran oil fields. The meeting was attended by Sayyid Nooruddin Shahnazizadeh, CEO and PEDEC’s chairman of the board of directors, a team of experts in petroleum engineering management as well as […]

Iran, Iraq in Joint Energy Cooperation

Iran and Iraq have stated a new round of discussions to promote cooperation in the energy field. The talks were led by Iran’s Petroleum Minister Bijan Zanganeh and his visiting Iraqi counterpart Jabbar al-Luaibi in the Iranian capital Tehran. Top on the agenda of their meeting included developing the oil fields that the two countries […]

Iran Needs $200bn to Develop Oil Projects

Iranian Minister of Petroleum Bijan Zangeneh says Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country. Speaking after a ceremony to sign a deal between National Iranian Oil Company (NIOC) and an consortium comprising Total, China’s CNPC and Petropars in Tehran on Monday, Mr. […]

South Yaran to Commence Early Production

South Yaran is one of jointly owned oil fields in the West Karoun area in southwestern Iran. It has not been talked about too much. However, its development and operation are among priorities of the Iranian Ministry of Petroleum with regard to developing hydrocarbon fields shared with neighboring countries. North Yaran field has already started […]

Inpex Considers Bidding to Develop Iranian Oil Field

Inpex, Japan’s largest upstream company, announced that it plans to bid in a tender recently launched by Iran to develop the country’s Azadegan oil field. “Inpex is in the process of gathering information and conducting updates as necessary. Inpex will consider its response once the tender is published and the terms and conditions pertaining to […]

29 Int’l Companies Invited to Bid for Oil Project

A top Iranian official said the country is going to put development of its Azadegan oilfield out to tender in coming days, noting that 29 oil giants, including Shell and Total, have been invited to make their offers in the event. Ali Kardor, CEO of the National Iranian Oil Company (NIOC), said on Sunday that […]

NIDC Spuds 193 Wells during Last Calendar Year

The National Iranian Drilling Company (NIDC) successfully drilled 193 oil and gas wells during the previous calendar year which ended on March 20. An NIDC official, Naser Qolipour says 50 of the wells were completed 742 days ahead of plans. He said the company drilled 293,605 meters of wells during the same year. NIDC is […]

Total seeks $4bn Stake in South Pars Gas Gield

Total is seeking a 50 percent stake in a $4 billion project in Iran’s giant South Pars gas field, the French energy firm said in a regulatory filing detailing talks held with Iranian officials on several projects in 2016. Total signed a preliminary deal for the South Pars project last year, becoming the first Western […]

NIOC, SINOPEC hold talks on Upstream Cooperation

Senior executives from the National Iranian Oil Company (NIOC) and China Petrochemical Corporation (Sinopec Group) met to discuss avenues for furthering cooperation in upstream projects. NIOC Chief Ali Kardor and Wang Yupu, Chairman of Sinopec Group, attended the Sunday meeting in Tehran. “NIOC’s priority is signature of deals under the new framework of oil contracts,” […]

Shell, Total likely to cooperate on Azadegan Oilfield

By John Lee. Mehr News Agency reports that Britain’s Shell and France’s Total are likely to form a consortium with an Iranian company to develop the Azadegan oilfield (pictured). An official at Iran’s Petroleum Engineering and Development Company (PEDEC) says the National Iranian Oil Company (NIOC) has so far signed four MoUs or confidentiality agreements […]

Shell Signs MoU to Study Iran Oilfields

The National Iranian Oil Company (NIOC) and Royal Dutch Shell have signed a memorandum of understanding (MoU) to conduct studies on the Azadegan, Yadavaran and Kish oilfields in Iran. Noureddin Shahnazizadeh, managing director of the Petroleum Engineering and Development Company (PEDEC), from NIOC, and Hans Nijkamp (pictured) from Shell, signed the deal in the presence […]

Azadegan Oil Field to Be Put Out to Tender

The deputy head of the National Iranian Oil Company (NIOC) said the country plans to put the development of the South Azadegan oil field out to tender, dismissing reports that the project will be awarded to France’s oil giant Total without its participation in the bid. “The NIOC has no intention to entrust the development […]

Iran Announces Primary Oil Tender for mid-Oct

Iran will hold its first tender of an oil field for development under the new contract model around the end of the Iranian month of Mehr on Oct. 21, Managing Director of National Iranian Oil Company (NIOC) stated. The South Azadegan field is on the list for the first tender under the Iran Petroleum Contract […]

Iran to Grant Two Key Oil Deals to China

Iran plans to grant the development of two of its major oil fields to the Chinese companies. Gholam-Reza Manouchehri, the deputy director for engineering and development affairs of the National Iranian Oil Company (NIOC) said that China’s CNPC will be awarded the development of the second phase of North Azadegan project. Manouchehri added that the […]