Tag Archives | South Pars

Total to Make $1bn Investment in Giant Iranian Gas Field

The chief executive of Total confirmed that the French oil major will go ahead with development of phase 11 of the huge South Pars gas field in southern Iran this summer, saying it would make an initial $1 billion investment in the field. “It is worth taking the risk at $1 billion because it opens […]

SP.13A Jacket 65% Complete

The operator of the South Pars 13 Project (SP.13) says construction of the project’s jacket A is now 65 percent complete, adding the structure will be ready for installation by August. Payam Motamed said the structure is being constructed to replace one that was badly damaged by a Norwegian tanker in April 2015. Phase 13 […]

NIOC Signs Feasibility Study MOUs with OIEC, MAPNA

The National Iranian Oil Company (NIOC) and Oil Industries Engineering and Construction Company (OIEC) have signed a memorandum of understanding for feasibility studies on Sepehr oil field. The MOU was singed between Gholam-Reza Manouchehri, deputy head of NIOC for development and engineering, and Behzad Mohammadi, CEO of OIEC. OIEC is among 11 E&P companies qualified […]

LNG Exports to EU – Iran courts Total

Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe. Bijan Zanganeh told reporters that serious talks with Total were underway over the development of Phase 11 of Iran’s South Pars […]

Total to Finalize South Pars Deal “within Weeks”

Iran says it expects France’s Total to finalize an agreement over the development of a key natural gas project in the country’s south in less than a month. Amirhossein Zamaniniya, Iran’s deputy petroleum minister for international affairs and trading, was quoted by domestic media as saying that Total had been waiting to see whether there […]

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 Eyes Major Project Startups in Oil Industry during New Year

Iranian Minister of Petroleum Bijan Zangeneh says the new Iranian calendar year (began March 21) will be an “exceptional” year for Iran’s petroleum and petrochemical industries as several major projects are scheduled to come on-stream during the year. “This year, Iran will launch historic projects in the oil and petrochemical sectors that will be unprecedented […]

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 […]

Iran Starts Operating SP20 Project

Iran announced it has started gas recovery from phase 20 development of the supergiant South Pars gas field (SP20) on Sunday. The Deputy Managing Director of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza Manouchehri said gas and condensate recovery has started at 25 million cubic meters and 40,000 barrels per […]

Parliament to look into “Information Leak” by Total

he Iranian parliament’s Energy Commission plans to check the accuracy of reports suggesting that the French energy giant Total has leaked secret information about Iran’s South Pars gas field to Qatar, the spokesman for the commission said. Speaking to the Tasnim News Agency, Asadollah Qarakhani said the Energy Commission will look into reports about leakage […]