Tag Archives | Azadegan

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 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 […]

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 […]

CNPCI told to Cut Costs in bid for N Azadegan

By John Lee. Iran has reportly told China National Petroleum Company International (CNPCI) that it will have to offer much lower costs to reflect Iran’s improved post-sanctions position, if it is to win the job of doubling output at the North Azadegan oilfield. According to the report from UpstreamOnline, CNPCI completed phase one of the […]

NIDC Places 15 Drilling Rigs in Shared Fields

Iran has placed 15 offshore and onshore drilling rigs in oilfields shared with neighbouring countries, which have so far spudded 100 wells. The Managing Director of National Iranian Drilling Company (NIDC) has said the company is currently drilling wells in Azadegan, South Yaran, Azar, Sohrab and Phase 14 of South Pars oil and gas fields, […]

Iran Starts Test Prodn from Joint Oilfield with Iraq

Iran has started production at a rate of 85,000 barrels of oil a day from the Yadavaran Field, to test its output sustainability, said administrator of the field’s development project. The field is jointly held by neighbouring Iraq. “The field will be inaugurated in near future as production of 85,000 barrels a day has been […]

NIDC Rig Count hits 76

By John Lee. Shana reports that the National Iranian Drilling Company (NIDC) now operates 76 drilling rigs, at Azadegan, South Yaran, Sohrab, Azar and Phase 14 of South Pars. It quotes NIDC deputy managing director Hamidreza Khoshayand as saying that the company has spudded 169 wells, including 88 development wells, 2 exploration wells and 79 […]

Iran to up Oil Output at Joint Iraq Fields

By John Lee. Iran’s Minister for Petroleum, Bijan Nadar Zangeneh (pictured), has revealed plans to increase production at the country’s western joint fields with Iraq by 200,000 bpd. The increase will happen over the next eight months and “surge to 700,000 bpd in the years to come”, according to a report from PressTV. Iran has […]