Tag Archives | South Pars

Pakistani Cabinet Considers Iran Gas Pipeline Project

The Pakistani government is to discuss the details of the Iran-Pakistan (IP) gas pipeline project. The 56-inch diameter pipeline will initiate from South Pars gas field Iran and end at Nawabshah covering a distance of around 1,931 kilometer with 1,150 km portion in Iran and 781 km in Pakistan. The implementation is to be done […]

Iran Eying More Oil Contracts after Total Deal

Iran is hoping to secure more overseas investment after a consortium led by France’s Total on Tuesday signed a $4.8bn deal to develop part of the giant South Pars gasfield, Irans deputy oil minister for international affairs said. Speaking to the Financial Times, Amir Hossein Zamaninia stated: “This is an icebreaker and we shall see […]

Total Signs $4.8bn Gas Deal with Iran

By John Lee. French oil giant Total has signed a Heads of Agreement (HoA) with the National Iranian Oil Company (NIOC) for the development of phase 11 of South Pars, the world’s largest gas field. The company becomes the first western energy firm to sign a major deal with Tehran since the lifting of international […]

Iran Sells Condensate to BP for 1st Time since Sanctions

The National Iranian Oil Company (NIOC) has sold natural gas condensate to BP, one of the world’s leading integrated oil and gas companies, for the first time after the removal of anti-Tehran sanctions, a report said. NIOC will supply South Pars condensate to BP for loading between September and October, said an NIOC official on […]

Int’l Oil Firms pitch for Iran Projects

Iran has received the first wave of proposals by major international companies to develop oil and gas projects within the new format of oil contracts recently approved by the administration of President Hassan Rouhani. Ten companies including big European firms such as Total, Lukoil, Shell, Eni, OMV and Asian giants like CNPC, Sinopec and Pertamina […]

Fire breaks out at Mobin Petrochemical Plant

By John Lee. Reuters reports that a fire broke out on Wednesday at Mobin petrochemical refinery complex in the southern port of Assaluyeh. State media said that four people were injured, but that the fire is now under control and poses no threat to operations in the South Pars gas fields. It is the latest […]

Iran to Produce Oil in South Pars by March 2017

The CEO of the National Iranian Oil Company (NIOC) announced that the country will begin oil production in an oil field of the massive offshore South Pars by the end of the current Iranian year (March 20, 2017). Speaking to the Tasnim News Agency, Ali Kardor said the development of the first phase of the […]

South Pars Platform 19A Installed

Platform 19A of the supergiant South Pars gas field was successfully installed at its designated offshore spot on Saturday. Installation of the structure, weighing over 2,700 tons, took only two hours which is a new record in installation of such mega structures in offshore operations in Iran. The full installation of the platform will take […]

Iran earns $1.3bn from South Pars 17&18

Recovery of natural gas, condensate and other refinery products from phases 17 and 18 of the South Pars Gas Field has earned Iran more than $1.3 billion in revenues over the past 18 months. The amount is nearly one quarter of all the investments in the two phases so far, said Hassan Boveiri, operator of […]

Platform Loaded for Phase 19 Delivery

Platform A of phase 19 of the supergiant South Pars Gas Field will be loaded for delivery to its designated offshore location. Mohsen Jazayeri, project manager of phase 19 development, told Shana that the loading will begin on Thursday at Khorramshahr Yard. Abouzar 110 barge is to carry the structure that weights over 2,700 tons. […]

POGC issues Tender for Jack-Up Barge

Pars Oil & Gas Company (POGC), a subsidiary of National Iranian Oil Company (NIOC), hereby intends to use the following services by Tender through a qualified Contractor: 1. Subject of Tender and Duration: Hiring a complex of an Accommodation Jack Up barge with 150 Company’s personnel capacity &minimum legs of 400 feet accompany by a […]

Iran Plans big Oil-Refinery Expansion

Iran plans to build five new refineries over the next four years to increase capacity from its current level of 1.85 million bpd to about 3.2 million bpd. Abbas Kazemi, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) told Bloomberg that the country also needs about $14 billion in investment to […]

SPGC Gas Output at 102bcm

The South Pars Gas Complex (SPGC)‘s gas output stood at 102 billion cubic meters by the end of the previous Iranian calendar year, which ended on March 20, up 21% year-on-year. Managing director of SPGC told Shana that over 123.5 bcm of natural gas was extracted from the offshore South Pars gas field, which Iran […]

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 Petchem Industry Ready for Foreign Investment

More than $50 billion is needed to be invested in Iran’s petrochemical industry. Many of stakeholders of petrochemical projects in Iran are actively developing their plans amid hopes for further gas production from South Pars gas field and the presence of foreign investors over the coming two years. With the completion of South Pars phases, […]

Iran eyes Joint Ventures with Siemens

By John Lee. Iran’s Minister for Petroleum has suggested that Germany’s Siemens could set up joint ventures with Iranian companies to supply products to the Middle East and Central Asia. Bijan Zangeneh told the President and Chief Executive Officer of Siemens AG, Joe Kaeser, who was visiting Tehran on Monday: ‘Siemens can manufacture joint products […]

NIDC Rig Count hits 76

By John Lee. Shana reports that the National Iranian Drilling Company (NIDC) now operates 76 drilling rigs, at Azadegan, South Yaran, Sohrab, Azar and Phase 14 of South Pars. It quotes NIDC deputy managing director Hamidreza Khoshayand as saying that the company has spudded 169 wells, including 88 development wells, 2 exploration wells and 79 […]

Iran Adds More Offshore Gas Production

President Hassan Rouhani officially inaugurated South Pars Gas Field’s phases 15 and 16 on Monday marking a major step forward in completion of the mega project’s development. Planned for an incremental development, the massive and rich on-shore and off-shore gas field jointly shared between Iran and Qatar will be fully operational in 24 phases. Production […]

Six South Pars Phases to be Operational by June

Iran will launch six phases of the South Pars Gas Field by June 2016, said the managing director of the National Iranian Oil Company (NIOC). The on-shore section of the phases 17 and 18 are currently ready to operate at full capacity, said Rokneddin Javadi on Monday addressing the inauguration ceremony of the South Pars […]

Production Increases at South Pars

By John Lee. Gas production at South Pars is set to carry on rising in 2016 as new phases are added and production from existing projects is ramped up, reports Interfax. Phases 15 and 16 are yet to be officially inaugurated but are currently producing around 30-36 million cubic metres per day (MMcm/d) and are set […]