Tag Archives | Petroleum Engineering and Development Company (PEDEC)

PEDEC Outlines Priorities

The CEO of Petroleum Engineering and Development Company (PEDEC) outlined the company’s priorities in the new Iranian calendar year which starts on March 21. According to PEDEC, Touraj Dehghani said accelerating the development of joint oil fields was top on PEDEC’s agenda in the new Iranian year. He said: “This year, given the special conditions […]

Kish Gas Field Development Awarded to POGC

The CEO of Pars Oil and Gas Company (POGC) has said his company was officially awarded development project of Kish Gas Field. According to POGC, Mohammad Meshkinfam said that the project was aimed at production of 85 mcm/d of natural gas from the field. The field, located 30 kilometers off the eastern coast of Lavan Island, […]

500MW Power Plant Planned in West Karoun

Development of jointly owned oil fields in the West Karoun area in western Iran remains a priority for the Iranian Ministry of Petroleum. Iran is currently recovering more than 350,000 b/d of oil from these fields, which is expected to reach 1.2 mb/d in coming years. A major requirement for reaching such production levels would […]

New PEDEC CEO Appointed

Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), has appointed Touraj Dehghani as chief executive officer and the main member of the board of directors of the Petroleum Engineering and Development Company (PEDEC). Touraj Dehghani was previously a deputy director of PEDEC, and member of the board of directors and supervisor […]

Iran Plans to Turn Jask to Oil Export Hub

Iran has defined plans to turn Jask Port into a major oil export terminal, a senior Iranian oil official said. Addressing an international conference on Monday, Nouredin Shahnazizadeh, the managing director of Petroleum Engineering and Development Company (PEDEC), said given the ongoing activities in the area, the port will turn into one of Iran’s main […]

Iran starts Early Production at South Yaran Oilfield

Iran has started producing 10,000 barrels per day of crude oil from the South Yarn oilfield, which it shares with Iraq. According to the Petroleum Engineering and Development Company (PEDEC), the company’s managing director Nooreddin Shahnazizadeh said 6 wells of the field have become productive, yielding 10,000 b/d of crude in the early production phase […]

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 […]

Gazprom Neft Presents Oilfields Studies to NIOC

Russia’s Gazprom Neft has submitted the result of its studies on Iran’s Changouleh and Cheshmeh Khosh oilfields to the National Iranian Oil Company (NIOC). Officials from the company presented the studies to the NIOC at a meeting with Gholamreza Manouchehri, deputy for development and engineering of the company, and senior executives from the Petroleum Engineering […]

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 […]

West Karoun Oil Production to reach 368,000 bpd

Iran currently produces 290’000 barrels of crude oil per day, the figure which is going to witness an increase of 78000 barrels bpd, the managing director of Iran’s Petroleum Engineering and Development Company (PEDEC), Noureddin Shahnazizadeh said. Holding a press conference for the latest achievement of the West Karoun oil fields, Shahnazizadeh mentioned that the […]

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 […]

First US Tech Firm to Invest in Iran in Years

An Iranian company says a top American technology leader plans to invest in an Iranian oil equipment production project – what could be the first direct investment by a US oil company in Iran after the 1979 Islamic Revolution. Speaking at a press conference at Iran’s Oil Show, Neda Mousavizadegan, the managing director of Iran’s […]

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 […]

Zangeneh: Minimum Risk of New Sanctions

International companies should seize new opportunities for investment in Iran’s economic and energy sectors despite the talks about new sanctions in the wake of increasing political tensions between Tehran and Washington, a top oil official says. “If there are new restrictions, it will not affect the deals that are concluded after the easing of restrictions […]

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 […]

Iran Eyes 0.5m bdp of Crude from West Karoon

Iran will be recovering over half a million barrels per day of crude oil by late-June 2017, a senior Iranian oil official said. Managing Director of Petroleum Engineering and Development Company (PEDEC) Nouredding Shahnazizadeh said Iran’s total crude oil production from South and North Azadegan, South and North Yatan, Yadavaran and Darkhowin oilfields will reach […]

RIPI to host 1st Int’l Conference on EOR, IOR Methods

The Research Center of Petroleum Industry (RIPI) is to host the first international conference on enhanced oil recovery (EOR) and improved oil recovery (IOR) methods in oil projects on April 22. The three-day conference is being held jointly by Iran Inter-Pore Society, the Iranian Association of Polymer and Chemical Engineers and the RIPI. Besides presentation […]

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 […]

Iran to Launch over 50 New Oil Projects

Iran says it plans to introduce more than 50 new oil projects to international investors in what will be a key part of the country’s plans to boost oil production in an emerging post-sanctions era. Seyed Mehdi Hosseini, head of Iran’s Oil Contracts Restructuring Committee, has emphasized that the projects will comprise exploration and production […]