Tag Archives | Iranian Offshore Oil Company (IOOC)

Iran saves $300m/y in Hengam Gas Processing Project: CEO

The managing director of the Iranian Offshore Oil Company (IOOC), Hamid Bovard, says the gas processing complex of Hengam Oilfield will save Iran over 300 million dollars annually, once fully operational. The daily cost-saving of the project will be more than $700,000 per day, he said. Addressing the opening ceremony of the gas processing complex, […]

Countdown to Launch of Hengam Gas Treatment Facility

The Iranian Offshore Oil Company (IOOC) will launch the gas processing facilities of Hengam joint gas field soon, IOOC managing director said. According to the company, Hamid Bovard, the IOOC managing director, said the plant is being launched in line with the Economic Resilience policies of the Islamic Republic of Iran with the aim of […]

IOOC signs €800m Deal with Domestic Firm

The Iranian Offshore Oil Company (IOOC) has signed a deal worth 800 million Euros with an Iranian company to complete a number of IOOC projects. The deal, signed on Sunday evening, concerns completion of the natural gas liquids (NGL) project at Khark Island, another project aimed at sweetening natural gas and separation of associated gases […]

Iranian Firm to Build Utility Vessels for Oil Platforms

The managing director of Iran’s Arvandan Shipbuilding Company said the company plans to construct utility vessels for oil platforms for the first time. Speaking to the Tasnim News Agency, Hossein Qorbani said the firm is in talks with the Iranian Offshore Oil Company (IOOC) about the construction of the utility vessels. He said the IOOC […]

Iranian Consortium Awarded Khark NGL Project

The managing director of the Iranian Offshore Oil Company (IOOC) says an Iranian consortium has been awarded the development of Khark Island’s natural gas liquids (NGL) project. Hamid Bovard said Ghadir Investment Company and the SAFF Group has formed a consortium for development of the project. Addressing a press conference on the sidelines of the […]

Pre-Startup of Hengam Gas Processing Facility

An official with the Iranian Offshore Oil Company (IOOC) said the pre-startup of gas processing facilities of Hengam joint gas field has begun and the countdown has started for the facility’s official inauguration. Shahsavar Arghash, director of Qeshm Island Operations at IOOC, said the facility has been developed with 80 million cubic meters of gas […]

NIOC Inks MoU with Toyo, Petropars

The National Iranian Oil Company (NIOC) has signed a memorandum of understanding (MoU) with a consortium comprising Japan’s engineering major Toyo and Petropars Company for rehabilitation of facilities and upgrading of gas production of Salman Oilfield. Signed on Monday, the document was inked by Gholamreza Manouchehri, deputy for development and engineering at NIOC, Hamid Akbari, […]

Iran to Increase Oil Recovery from Forouzan Oilfield

The Iranian Offshore Oil Company (IOOC) says it will increase crude oil production from the Forouzan oil field by 12,000 b/d once it starts operating a new platform over the field. Hamid Bovard said his company, which operates offshore oil fields for Iran, has plans to launch projects that will add a total of 110,000 […]

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 […]

IOOC Reconstruction Master Plan on Agenda

The Managing Director of Iranian Offshore Oil Company (IOOC) Hamid Bovard has said the master plan for reconstruction and renovation of his company will be in effect soon. He told a group of his personnel on Monday that the master plan will be considered in the sixth national development plan. He said reconstruction of his […]

IOOC to Boost Storage Capacity to 25m Barrels

The Iranian Offshore Oil Company (IOOC) will boost its storage capacity to 25 million barrels by repairing 7 storage tanks by the year-end to March 20. Managing Director of IOOC Saeid Hafezi told Shana that the company’s storage capacity is currently at 18.2 million barrels which will cross 25 million barrels once it brings online […]

Big Rise in Tenders for Iranian Offshore Projects

By John Lee. Zawya reports that the number of tenders for Iranian offshore projects increased by 20 percent in the last Iranian calendar year. The Head of the Contracts Department at the Iranian Offshore Oil Company (IOOC) said that 120 tenders were held last year for development of the offshore sector and the sea fields, […]

IOOC Uses Solar Energy for New Housing Complex

By John Lee. The Iranian Offshore Oil Company (IOOC) has launched a new housing complex in the Persian Gulf island of Siri (Sirri) where all the water is heated by solar power. The aim is to optimize energy use in the complex. The 160-unit complex was officially inaugurated earlier this week. The project was constructed […]

New Iran Petroleum Contracts to Bring More Revenue

The Managing Director of the Iranian Offshore Oil Company (IOOC), Saeid Hafezi (pictured), said Iran’s new contract models for investment in development of oil and gas fields can generate higher revenues compared to buy-back contracts. “The Iran Petroleum Contract (IPC) Conference was successful in achieving the objectives of introduction of contracts, potentials, and investment opportunities […]

Salman Oil Output Up by 3.5k bpd

Iran raised crude oil recovery from Salman oil field in Persian Gulf waters by 3,500 b/d, operator of the field said. Ebrahim Paksima, an official in charge of the oil field at Iran Offshore Oil Company (IOOC), told Shana that the boost has been possible by completion of gas injection to the field which took […]

Iran, Norway to Develop Offshore Oil Cooperation

Iran and Norway have agreed to promote cooperation in the field of offshore gas and oil projects during a meeting between CEO of the Iranian Offshore Oil Company (IOOC) Saeid Hafezi and Norwegian ambassador to Tehran, Aud Lise Norheim. In the meeting which was also participated by a representative from Intsok oil and gas company, […]

Foreign Partners Needed for HSE

An official in the Iranian Offshore Oil Company (IOOC) has called for the participation of foreign firms in managing health, safety, and environment (HSE) issues on oil platforms. “HSE is an imported concept and it can be delegated on a pilot basis to a competent foreign company,” said Iman Shirianpour, IOOC director of HSE. “In […]

Iran signs Development of Esfandiar Oilfield

The Iranian Offshore Oil Company (IOOC) and a Norwegian-Austrian company have signed a preliminary agreement for the development of the offshore Efandiar field, IOOC Managing Director Saeed Hafezi [Saeid Ha’fezi] (pictured) says. “The initial confidentiality agreement has been signed, the MDP (master development plan) prepared and sufficient data exchanged. We are only waiting for the […]