Gulf Oil and Gas accountACCOUNT

Petropars Wins Forouzan Oil Field Development

Source: www.gulfoilandgas.com 2/22/2020, Location: Asia

The Managing Director of Petropars released the happy news that Petropars Group won the tender held for the maintenance and increase of production level of the joint Forouzan Oil Field.

According to a report by the Public Relations and International Affairs Department of Petropars Group, Engineer Hamid-Reza Masoudi described the ceding to Petropars Group of the Project for Development of Forouzan Oil Field as very significant and valuable, and added, “Forouzan Oil Field Project was ceded by Iranian Offshore Oil Company (IOOC) as the Client, within the scheme of EPC-EPD, to a consortium comprising Petropars Limited (PPL) and ISOICO, with Petropars being the leader of consortium.”

He went on to further say, “The subterranean underground section of the Project consists of drilling of 12 new wells, 11 repair wells, and 3 Re-Entry wells while the surface section will comprise erection of 3 offshore pipelines measuring 27 km in length, fabrication and erection of 2 new platforms and cabling of 4 fiber optic networks.

The value of the contract for development of Forouzan Oil Field Project will amount Euro 290 million, which will contribute to diversification of the activities and operations undertaken by Petropars Group and further expansion of the chain value of Petropars Group. It will further contribute to enhancement and increase of domestic capabilities of Iranian contractors.

It merits stating that Forouzan Oil Field is located 100 km East-South of Khark Island in the Persian Gulf and adjoins Marjan Oil Field of Saudi Arabia.

Engineering Procurement and Construction (EPC) News in Iran >>

Kazakhstan >>  7/9/2020 - Petrofac’s Engineering & Production Services (EPS) division, in joint venture with Isker, a Kazakhstan company, has secured an Engineering, Procuremen...
Egypt >>  7/7/2020 - TechnipFMC (FTI) has signed a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for ...

Brazil >>  7/6/2020 - Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Buzios pre-salt project, in wat...
Canada >>  7/6/2020 - McDermott International Ltd. announced CB&I Storage Solutions has been awarded a large contract by a major EPC contractor for the engineering, procure...

United States >>  7/2/2020 - Subsea 7 S.A. announced the award of a sizeable(1) contract for work in the Gulf of Mexico. The contract will be recorded in backlog in the second qua...
Australia >>  7/1/2020 - Saipem, in a 50% joint venture with Clough, has been selected as the exclusive EPC contractor for the development of Perdaman Industries’ urea plant o...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


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.