Tag Archives | Yadavaran

Iraq to Invest in Joint Oil Projects with Iran

Iraq’s Oil Minister Jabbar al-Luaibi says an agreement will be signed with Iran soon to jointly invest in two oil fields shared between the two countries. Luaibi did not specify which fields were concerned and when the agreement would be signed. Nevertheless, it would be a groundbreaking move in the history of economic cooperation between […]

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 […]

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 […]

Iran, Iraq in Joint Energy Cooperation

Iran and Iraq have stated a new round of discussions to promote cooperation in the energy field. The talks were led by Iran’s Petroleum Minister Bijan Zanganeh and his visiting Iraqi counterpart Jabbar al-Luaibi in the Iranian capital Tehran. Top on the agenda of their meeting included developing the oil fields that the two countries […]

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 […]

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 […]

Iran Signs Major Oil Deal with Shell

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MOU) with energy giant Royal Dutch Shell for the development of several southern oil fields. The MOU was signed between NIOC and Shell during a ceremony in Tehran attended by NIOC Managing Director Ali Kardor, Hans Nijkamp, the head of the department for […]

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 “Heartened” at Increased Crude Production

Increasing its crude oil production capacity mainly from Western Karoun joint oilfields, Iran has been heartened and reassured as far as the country’s status in OPEC is concerned. Talking in the verge of the official opening of the three development plans of North Azadegan, Yadavaran and Yaran, Gholam-Reza Manouchehri the deputy head of National Iranian […]

Iran Inaugurates Three Joint Oilfields in Khouzestan

Iran has launched first phase production at three fields in its oil-rich Khouzestan province which bring its total crude output to 300’000 barrels per day. Production from Yadavaran, North Yaran and North Azadegan were inaugurated in an official ceremony attended by President Hassan Rouhani. Iran had awarded Yadavaran to China’s Sinopec through a contract worth […]

Iran Calls for Oil Majors to Tender

Iran has invited global energy giants to a tender for the development of several of its key oil sector projects. The National Iranian Oil Company (NIOC) has called on foreign exploration and production companies to submit the required pre-qualification documents for the tender. It is stated in the statement published on NIOC’s website that the […]

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 […]

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 […]

Iran to Grant Two Key Oil Deals to China

Iran plans to grant the development of two of its major oil fields to the Chinese companies. Gholam-Reza Manouchehri, the deputy director for engineering and development affairs of the National Iranian Oil Company (NIOC) said that China’s CNPC will be awarded the development of the second phase of North Azadegan project. Manouchehri added that the […]

Yadavaran Crude Production at 95,000 bpd

Iran is currently recovering 95,000 barrels of crude oil per day from Yadavaran oil field of which 75,000 bpd is light crude oil. Operated of the field’s development project, Hadi Nazarpour told Shana that the field’s first phase development was being carried out for production of 85,000 bpd while in practice its output exceeds 95,000 […]

China to Develop 2 Iranian Oil Fields

Iran’s oil minister said Chinese companies will push on with development of two major Iranian oil fields in line with the previous agreements. Speaking to reporters in Tehran on Monday, Bijan Namdar Zanganeh (pictured) said Iran has agreed to let Chinese companies complete development of the second phases of North Azadegan and Yadavaran oil fields. […]

Iran Starts Test Prodn from Joint Oilfield with Iraq

Iran has started production at a rate of 85,000 barrels of oil a day from the Yadavaran Field, to test its output sustainability, said administrator of the field’s development project. The field is jointly held by neighbouring Iraq. “The field will be inaugurated in near future as production of 85,000 barrels a day has been […]

NIDC Drills 42 Wells in South Azadegan, South Yaran Fields

The National Iranian Drilling Company (NIDC) has completed 30 wells in South Azadegan and 12 more in South Yaran oil fields, said the company’s first deputy managing director. “Up to 70 percent of drilling operation in South Azadegan filed has been carried out and it is planned to be completed in the next four months,” […]

Iran to up Oil Output at Joint Iraq Fields

By John Lee. Iran’s Minister for Petroleum, Bijan Nadar Zangeneh (pictured), has revealed plans to increase production at the country’s western joint fields with Iraq by 200,000 bpd. The increase will happen over the next eight months and “surge to 700,000 bpd in the years to come”, according to a report from PressTV. Iran has […]

Iran Plans to Sell New Oil Grade

By John Lee. Iran is said to be planning to sell a new grade of crude oil in March or April, as it prepares to boost production following the removal of sanctions. An official at state-run National Iranian Oil Company (NIOC), who declined to be identified, told Bloomberg Business that most of the crude in the […]