Tag Archives | South Pars

Oil Minister defends Total Gas Deal in Parliament

Iranian Oil Minister Bijan Namdar Zanganeh in an open session of the parliament briefed the lawmakers on a controversial $5 billion gas deal recently signed with France’s energy giant Total, saying the agreement would serve the Islamic Republic’s interests. Addressing the open session of the parliament on Wednesday, Zanganeh defended the deal with Total to […]

Total Deal “Strongly Opposed” by Domestic Experts

Some Iranian experts and top figures in oil and gas industry have voiced their strong opposition to a $5 billion gas deal recently signed between Iran and France’s energy giant Total, saying Total has hatched “a sinister plot” against the Islamic Republic. In a television program aired on Saturday night, Asghar Ebrahimi-Asl, a former deputy […]

Petchem Development “Impossible” without Tapping FDI

The managing director of a major oil, gas and petrochemical investment company says without foreign direct investments (FDI), implementation of major petrochemical and energy projects in Iran would be impossible. According to IRNA, Mohammad Hassan Peyvandi, managing director of Tamin Petroleum & Petrochemical Investment Company (TAPPICO), underlined the necessity of developing oil and petrochemical industries […]

Total and NIOC sign South Pars Development Contract

French oil major Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. The project will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent per day including […]

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 […]

Iran to Sue Total if Gas Field Data was Leaked

Iran’s Oil Minister Bijan Namdar Zanganeh said the country will definitely sue Total if the French energy giant is proved to have leaked secret information about Iran’s South Pars gas field to Qatar. Speaking at a television talk show on Tuesday night, Zanganeh said Iran has given information to Total about only two out of […]

1st FPSO Vessel to Recover Oil from South Pars

1st FPSO Vessel in Iran’s Waters to Recover Oil from South Pars The first vessel of Floating Production, Storage and Offloading (FPSO) unit has entered Iran’s territorial waters to recover oil from the country’s giant South Pars gas field in south, the managing director of Petro Iran Development Company (PEDCO) said. “The $300-million FPSO unit […]

6 South Pars Platform Operational in 2017-18

Iran says it will launch 6 more offshore platforms belonging to the supergiant South Pars Gas Field in the Persian Gulf during the next Iranian calendar year starting on March 21. Managing director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said the platforms will be installed at the remaining phases of the gas […]

SADRA Building 10 South Pars Platforms

SADRA (Iran Marine Industrial Company) is building 10 offshore platforms to develop the remaining phases of the supergiant South Pars Gas Field in Persian Gulf waters. The company is expected to launch the platform of phase 22 of the gas field which is shared by Iran and Qatar, by June, said Gholamreza Manouchehri, the deputy […]

Total says Iran Investment Depends on Renewal of US Waivers

By John Lee. French oil major Total plans to make a final investment decision on its $2-billion Iranian gas project by the summer, according to reports from Reuters and PressTV. But Chief Executive Patrick Pouyanne (pictured) told journalists that the decision hinges on the renewal of U.S. sanctions waivers, which are due to be renewed […]

Iran Gas Output up 50% in 3 Years

The Iranian Minister of Petroleum, Bijan Zangeneh, has said that Iran’s natural gas output increased by 50 percent over the past three years. Saying that Iran has problems in supplying gas to all the provinces, the official said inauguration of the new South Pars phases has added 50 percent to the country’s gas output over […]