Tag Archives | Azar field

Crude Oil Production at Azar crosses 4m Barrels

Iran’s production of crude oil at Azar Oilfield, shared with neighboring Iraq, has exceeded 4 million barrels, operator of the field says. Behzad Mohammadi, managing director of Oil Industries’ Engineering and Construction (OIEC), told a meeting of representatives of Iranian E&P companies in Tehran on Wednesday, said production of the fields has been fixed at […]

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 […]

Total Azar Oilfield Output Crosses 500k Barrels

The total amount of crude oil recovered from Azar Oilfield has exceeded half a million barrels, an official with the Petroleum Engineering and Development Company (PEDEC) said. Keyvan Yarahmadi, operator of the field’s development project at PEDEC, said production from the field is expected to reach 30,000 b/d by the end of the month of […]

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 […]

Iran Starts Pumping Oil from Azar Joint Oilfield

Iran on Tuesday, March 14, began pumping 15,000 barrels/day of crude oil from Azar Oilfield which it shares with Iraq. Early production from the field, located in the border city of Mehran, began in a ceremony held in the presence of Iranian Minister of Petroleum Bijan Zangeneh. Azar Oilfield development project is aimed at production […]

Thai Company to study Iranian Oil Fields

By John Lee. The National Iranian Oil Company (NIOC) and Thailand’s PTT Exploration and Production (PTTEP) have signed a memorandum of understanding on Tuesday to carry out preliminary studies of three oil fields in Iran: Changuleh, Balal and Dalamperi. The Ministry would then evaluate the company’s findings and decide whether to award the project development […]

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, Lukoil Sign $6m Exploration Deal

By John Lee. Iran has signed a $6-million deal with Russian oil giant Lukoil to explore the country’s oil-rich southwestern province of  Khouzestan. Lukoil has already started looking for oil and gas reserves in Dasht-e Abadan and the northern parts of the Persian Gulf, said Hormoz Qalavand, the director for exploration affairs of the National Iranian […]

Lukoil keen to Return to Anaran Oil Field

By John Lee. The President of Russian oil company Lukoil, Vagit Alekperov (pictured), has met with Oil Minister Bijan Zangeneh and discussed the possible return of his company to the Anaran block in western province of Ilam. Before imposition of sanction, Lukoil was part of a consortium that conducted exploration activities at Anaran, which led […]

Russia’s Lukoil to sign MoU with Iran

By John Lee. Russia’s energy giant Lukoil is set to sign an MoU for boosting oil recovery, oil exploration and extraction with Iran, an Iranian deputy petroleum minister says. Cooperation was discussed between Minister of Petroleum Bijan Namdar Zangeneh and Lukoil Chief Executive Vagit Alekperov (pictured) in the wake of a new opening following the […]