Tag Archives | Inpex

Possible Japan Budget Hike to Tap Iran Oil Opportunities

An official with Japan’s Ministry of Economy, Trade and Industry (METI) has requested an 11% hike in its budget for acquiring exploration and upstream development-stage assets in fiscal 2018-19 as the country is looking at oil opportunities in Iran, a ministry official said. The official said that METI has asked for a $552.8 million budget […]

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 […]

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 […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

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 […]

Iran to Launch First New-Style Oil Tender in 4 Wks

A senior Iranian oil official announced that the development of a big oilfield in the southwestern province of Khuzestan will be put to tender for the first time under a new model of oil contracts, known as Iran Petroleum Contract (IPC), within up to four coming weeks. The project to develop South Azadegan oilfield, would […]

Japan’s Inpex to Study Major Iranian Oil Field

Inpex Corporation, Japan’s top energy developer, has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to carry out studies on the development of the South Azadegan oil field, located in the southwestern province of Khouzestan, a report said. Inpex is a strong candidate for the project after signing an MoU […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

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 Signs NDAs with Foreign Oil Firms

By John Lee. Iran has signed non-disclosure agreements with three foreign oil firms to develop the South Azadegan joint oil field. Gholamreza Manouchehri, deputy CEO of National Iranian Oil Company (NIOC), said the agreements were signed with Japan’s Inpex, China’s CNPC, and France’s Total. “I cannot precisely point out that which fields will be assigned […]

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 […]

France’s Total to Develop Shared Oilfield in Iraq

By John Lee. Iran has reportedly signed an agreement with France’s Total to develop the South Azadegan oil field, which is shares with Iraq. Iranian Oil Minister Bijan Zangeneh (pictured) is quoted as saying that both parties have agreed to keep the details of agreement confidential, adding that the French firm is now “studying its […]

Japan Refiners and Banks Resume Iran Trade

By John Lee. Japanese oil refiners have started making oil payments to Iran through the Asian country’s largest lender, the Bank of Tokyo-Mitsubishi UFJ (BTMU). Tokyo lifted sanctions against Iran last month; BTMU can now process Iranian oil payments for Japanese refiners both in the yen and euros, according to Platts. The bank handled most […]