Gulf Oil and Gas accountACCOUNT

NIOC Preparing Yadavaran Oilfield Tender

Source: www.gulfoilandgas.com 5/22/2017, Location: Asia

The National Iranian Oil Company is taking steps to tender the second development phase of Yadavaran Oilfield in an oil block known as the West Karoun in Khuzestan Province, according to the chief executive officer of the Petroleum Engineering and Development Company (PEDEC).

“Documents are being prepared and a tender will be held soon,” Noureddine Shahnazizadeh told ISNA on Saturday.

According to Shahnazizadeh, Iran is drawing 110,000 barrels per day from the joint field with Iraq located 70 kilometers west of the city of Ahvaz in Khuzestan Province near the Iraqi border.

“The extraction rate can reach 135,000 bpd in the first phase,” he said, adding that talks are being held between the NIOC and multinationals, namely French energy giant Total S.A., Royal Dutch Shell Plc, Italy’s Eni SpA as well as Japan’s Inpex Corp to participate in the tender to develop the second phase of the field based on Iran Petroleum Contract (IPC), a new model of contracts that will be used to develop upstream exploration/production projects.

He noted that the field’s output is expected to reach 180,000 barrels per day in the second phase before exceeding 300,000 bpd in the third. Asked about the western Arab neighbor, he said that Iraq started production from Yadavaran last year.

Based on recent studies, the field’s in-place crude reserves were revised to more than 31 billion barrels from 12 billion barrels. The official said Iran has planned to raise production from Yadavaran in three phases and there are prospects for introducing a fourth and a fifth development phase for the joint field.

Around 83,000 barrels of Yadavaran production is a blend of light crude and the rest is heavy crude.

Development News in Iran >>

Morocco >>  6/29/2020 - Sound Energy, the Moroccan focused upstream gas company, is pleased to provide the following update in relation to the Company's micro liquified natur...
Ireland >>  6/26/2020 - Lansdowne Oil & Gas ("Lansdowne") is pleased to announce its audited results, for the year ended 31 December 2019. Lansdowne is an upstream oil and ga...

Norway >>  6/24/2020 - Aker BP and Pandion Energy submitted the plan for development and operation (PDO) for Hod to the Ministry of Petroleum and Energy. The Hod field will ...
Russia >>  6/18/2020 - Sakhalin Energy has extended the development licenses for Piltun-Astokhskoye and Lunskoye fields in the Sea of Okhotsk, which were issued to the compa...

Turkey >>  6/18/2020 - Trillion Energy International Inc. is pleased to provide an update on the South Akcakoca Gas-Basin “SASB” gas fields, one of the Black Sea’s first and...
Morocco >>  6/17/2020 - Chariot Oil & Gas Limited (CHAR), the Atlantic margins focused oil and gas company, announces its audited final results for the year ended 31 December...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 |

Oil & Gas Projects in Iran >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.