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Oil Archives - IRAN This Way https://iranthisway.com/category/iran-bussiness-review/iran-oil-news-update/ Become familiar with Iranian lifestyle! Sat, 26 Jun 2021 13:38:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.9 https://iranthisway.com/wp-content/uploads/2016/04/cropped-ir-fave-iocn-32x32.png Oil Archives - IRAN This Way https://iranthisway.com/category/iran-bussiness-review/iran-oil-news-update/ 32 32 Iran’s South Pars field starts injecting gas condensates to Soroush field https://iranthisway.com/2021/06/26/iran-south-pars-field-injecting-gas-soroush-field/ https://iranthisway.com/2021/06/26/iran-south-pars-field-injecting-gas-soroush-field/#respond Sat, 26 Jun 2021 13:32:20 +0000 http://iranthisway.com/?p=11629 Iran started injecting gas condensates to Soroush field in its Persian Gulf waters from the South Pars joint field.

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Iran started injecting gas condensates to Soroush field in its Persian Gulf waters from the South Pars joint field on Monday.

The Soroush gas field in located on Kharg Island, Bushehr province.

The operation was undertaken with cooperation of National Iranian Tanker Company (NITC) and coordination of Iranian Offshore Oil Company (IOOC) by dispatching “Forest” tanker to Soroush field to inject gas condensates to its wells.

The operation was successfully accomplished for the first time in the history of Iran oil industry.

It was aimed at paving the way for continuation of gas production in the joint field and increasing the industry’s flexibility in critical conditions.

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Mokran Coasts: Iran’s new energy hub https://iranthisway.com/2020/11/21/mokran-coasts-iran-new-energy-hub/ https://iranthisway.com/2020/11/21/mokran-coasts-iran-new-energy-hub/#respond Sat, 21 Nov 2020 12:54:41 +0000 http://iranthisway.com/?p=11565 Mokran is a semi-desert coastal strip in the South of Sistan and Baluchestan, in Pakistan and Iran, along the Persian Gulf and the Sea of Oman.

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Governor-General of Hormozgan province said that petroleum and refinery mega projects are being done in Jask County, adding that Mokran Coasts will become Iran’s new energy and petrochemical industry hub soon.

Fereidoun Hemmati who recently had visited the implementing process of oil and refinery projects in the coasts of Mokran told local media on Friday that mega projects in the oil transmission line, the oil export terminal, and the port and offshore oil export are underway in Jask County.

“Mokran coastline can play a special role in the future of marine exchanges,” Hemmati added.

He went on to say that each of these mega projects that are underway by Iranian specialists and engineers, and by the completion of oil transmission line, crude oil will be transferred from Goreh to Jask via a transmission line.

Construction of Goreh-Jask pipeline project and Jask export terminal officially commenced on Jun 25, 2020.

Governor-General of Hormozgan province added that an oil export terminal project is also being done in the Mokran coasts with a capacity of 10 million barrels.

Mokran is a semi-desert coastal strip in the South of Sistan and Baluchestan, in Pakistan and Iran, along the Persian Gulf and the Sea of Oman.

Mokran coastal region is located in Balouchestan province in southeastern Iran and southwestern Pakistan, it is a 600-mi (1,000-km) stretch along the Gulf of Oman from Ra’s (cape) al-Kūh, Iran (west of Jask), to Lasbela District, Pakistan (near Karachi).

Mokran is a semi-desert coastal strip in the South of Sistan and Baluchestan, in Pakistan and Iran, along the Persian Gulf and the Sea of Oman.

According to official statistics, about 40,000 jobs have been created directly and two to 3,000 indirectly.

Iran’s Mokran coastal area are the perfect places for the development of the petrochemical industry and, given the wide availability of gas resources, are highly valuable for this region’s development.

The strategic position of Mokran coasts, along the Sea of Oman, the new port will be established to increase Iran’s marine traffic in international waters and the oceans.

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Iran resumes gas excavation from Phase 16 of South Pars Field https://iranthisway.com/2020/11/21/iran-gas-excavation-south-pars-field/ https://iranthisway.com/2020/11/21/iran-gas-excavation-south-pars-field/#respond Sat, 21 Nov 2020 11:13:02 +0000 http://iranthisway.com/?p=11563 The platform stopped gas excavation a year ago due to damages to parts of its pipelines stretching 110 kilometers on the seabed.

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The offshore platform of Phase 16 of southern Iranian South Pars Field has come back to production, according to an official with Pars Oil and Gas Field.

The platform stopped gas excavation a year ago due to damages to parts of its pipelines stretching 110 kilometers on the seabed.

Alireza Ebadi said that the damaged pipelines have been repaired and the platform came back to production on Friday with a capacity of 500 million cubic feet.

In an exclusive interview with IRNA on Oct 20, Managing-Director of the South Pars Field Hadi Hashemzadeh Farhang said that once Iran completes the new phase of South Pars Field, it will outpace Qatar in gas excavation from the shared field by 120 mcm/d.

The official said that Iran finally won the “breathtaking marathon” over gas excavation in the shared field with Qatar.

Now 23 years after the South Pars development project inaugurated, the field, having 12 refineries, has turned into the biggest gas refinery complex of the world.

With the inauguration of phases 2 and 3 in 2001, the field used to produce some 56 mcm/d of gas which has now risen to 700 mcm/d, he added.

He said that what doubles Iran’s achievement in outpacing Qatar in the excavation of gas from the shared field is that only one-third of the area of the field is located within the Iranian territory while the rest two-thirds are in the Qatari waters.

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Isfahan Refinery plans to increase diesel output https://iranthisway.com/2020/04/27/isfahan-refinery-diesel/ https://iranthisway.com/2020/04/27/isfahan-refinery-diesel/#respond Mon, 27 Apr 2020 11:56:50 +0000 http://iranthisway.com/?p=11377 22 million liters of diesel will be produced in the refinery according to Euro-5 standard.

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Chief Executive of Isfahan Oil Refining Company (EORC) Morteza Ebrahimi on Mon. said that plans are underway to increase Euro-5 diesel production volume to 20 million liters.

With the commissioning of Diesel Treatment Unit and installing new equipment before the termination of the current year [to end March 20, 2021], 22 million liters of diesel will be produced in the refinery according to Euro-5 standard, he said.

Of total 22 million liters of diesel currently produced in the refinery, 2 million liters is produced according to the Euro standard.

22 million liters of diesel will be produced in the refinery according to Euro-5 standard

Presently, 12 million liters of gasoline is daily produced in the refinery, observing Euro-5 standard rules and regulations, Ebrahimi stressed.

Elsewhere in his remarks, Ebrahimi pointed to the commitments of his company in tandem with the social responsibilities and added, “Esfahan Oil Refining Company has assisted Municipality of Isfahan and Isfahan University of Medical Sciences financially in the fight against coronavirus.”

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NIOC plans to drill 8 new exploratory wells by March 2021 https://iranthisway.com/2020/04/23/nioc-plans-to-drill-8-new-exploratory-wells-by-march-2021/ https://iranthisway.com/2020/04/23/nioc-plans-to-drill-8-new-exploratory-wells-by-march-2021/#respond Thu, 23 Apr 2020 11:10:16 +0000 http://iranthisway.com/?p=11299 Director of National Iranian Oil Company (NIOC) Exploration Department, Saleh Hendi, says the company has it on the agenda to drill eight new exploratory wells in the current Iranian calendar year (ends on March 20, 2021). As ILNA reported, six of the mentioned wells are going to be drilled in the onshore exploration sites while...

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Director of National Iranian Oil Company (NIOC) Exploration Department, Saleh Hendi, says the company has it on the agenda to drill eight new exploratory wells in the current Iranian calendar year (ends on March 20, 2021).

As ILNA reported, six of the mentioned wells are going to be drilled in the onshore exploration sites while the other two will be offshore.

“The drilling operations for yet another five exploratory wells which were started in the previous calendar year (ended on March 19) will also continue in the current year,” Hendi said.

Explaining about the two offshore wells, the official noted that one of these wells is located in Siri region, which is being drilled independently by the Exploration Department, and the other in the Yalda field for which the drilling operations started this week in collaboration with Pars Oil and Gas Company (POGC).

According to the official, the Exploration Department has identified and prioritized all of the country’s sedimentary basins, and each of these basins is carefully studied and modeled with new methods.

Last year, a total of 18,000 meters of exploratory wells were dug through 60 rigs, meaning that an average of five drilling rigs were active each month, he noted.

Earlier in March, Mohammadreza Hor, the deputy director for technical affairs at NIOC’s Exploration Directorate, announced that the mentioned directorate had seven active drilling rigs in the said month and according to the development plans the number of the rigs was planned to increase to eight in the coming months.

He had also announced the completion of drilling operations of three wells in Forouzan, Mansouri and Deng fields after conducting preliminary tests in February, saying: “Currently, operation trials are underway for Arman exploration well in the region.”

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South Pars gas refineries running despite Coronavirus https://iranthisway.com/2020/04/14/south-pars-gas-refineries-coronavirus/ https://iranthisway.com/2020/04/14/south-pars-gas-refineries-coronavirus/#respond Tue, 14 Apr 2020 14:01:28 +0000 http://iranthisway.com/?p=11272 All the refineries processing South Pars gas output are operating normally and there is no drop in their output despite the coronavirus outbreak, an official with the South Pars Gas Complex said. Ali Ahmadi, the complex’s caretaker of coordination and production control, said, “With the operation of South Pars Gas Complex refineries, in order to...

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All the refineries processing South Pars gas output are operating normally and there is no drop in their output despite the coronavirus outbreak, an official with the South Pars Gas Complex said.

Ali Ahmadi, the complex’s caretaker of coordination and production control, said, “With the operation of South Pars Gas Complex refineries, in order to achieve sustainable and maximum production in the special conditions of the coronavirus outbreak, appropriate measures at the level of refinery operation management have been done.”

He added, “According to the health instructions of the Ministry of Petroleum, the necessary equipment have been procured for the presence of colleagues, and gas production is constantly being monitored to achieve maximum production and sustainability.”

The official also underlined the importance of gas condensate production and continuous delivery of the item to consumers, adding, “The production situation of this product is always monitored and sent to the relevant bases.”

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Six wells drilled by Iran NIDC in half a month https://iranthisway.com/2020/04/05/six-wells-drilled-by-iran-nidc-in-half-a-month/ https://iranthisway.com/2020/04/05/six-wells-drilled-by-iran-nidc-in-half-a-month/#respond Sun, 05 Apr 2020 12:50:52 +0000 http://iranthisway.com/?p=11181 During the first 15 days of the new Iranian calendar year which began on March 21, the National Iranian Drilling Company (NIDC) has drilled six oil and gas wells. According to the company, Director of Consolidated Planning of NIDC Babak Zangeneh said the wells included 2 development wells and 4 workover projects, Shana reported on...

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During the first 15 days of the new Iranian calendar year which began on March 21, the National Iranian Drilling Company (NIDC) has drilled six oil and gas wells.

According to the company, Director of Consolidated Planning of NIDC Babak Zangeneh said the wells included 2 development wells and 4 workover projects, Shana reported on Saturday.

All the wells are in the fields operated by the National Iranian South Oil Company (NISOC).

NIDC enjoys 70 offshore and land drilling rigs.

In late January, an official with the company had said that drillings of oil and gas wells have hit over 132,000 meters during the past 10 months. Mohammad Al-Khamis, the company’s drilling operations deputy, noted that among the wells were 35 development/appraisal wells, 2 exploration wells, and 59 workover operations.

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Iran installs new gas platform in South Pars field https://iranthisway.com/2020/02/01/iran-gas-platform-south-pars/ https://iranthisway.com/2020/02/01/iran-gas-platform-south-pars/#respond Sat, 01 Feb 2020 15:44:50 +0000 http://iranthisway.com/?p=10972 Once the new platform D14 is ready to operate, the Phase 14 of South Pars filed will produce 50 million m3/day of sweet gas, 75,000 bpd of condensate, 400 tonnes/day of Sulfur and an annual amount of one million tonnes of LNG and Ethan.

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Iran on Saturday installed the last offshore platform of phase 14 of South Pars gas field in the Persian Gulf to increase its production by 33 percent.

The giant structure was carried to the South Pars field aboard Barge 124FLB in the weekend, after 98 percent completion in Iran Marine Industry Company (SADRA).

After a week-long wait for the weather to go steady, the mega platform D14 cut through water in the Persian Gulf and docked on the gas condensate depository.

Installation of accessories like connection bridge and torch will begin soon to operationalize the platform which will increase gas production of phase 14 of South Pars field by 14.2 million cubic meters per day to reach 56 million m3/day in total, according to South Pars Phase 14 Development Plan Executive Mohammad Mahdi Tavassolipour.

He also said that the platform, as a part of offshore section of the Phase 14, will become operational and join the production circuit by the next two months.

The offshore section is currently producing 42 million cubic meters of gas every day through three platforms A14, B14, C14.

Once the new platform D14 is ready to operate, the Phase 14 of South Pars filed will produce 50 million m3/day of sweet gas, 75,000 bpd of condensate, 400 tonnes/day of Sulfur and an annual amount of one million tonnes of LNG and Ethan.

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Iran’s NIDC drills over 132k meters in 10 months https://iranthisway.com/2020/01/27/iran-nidc-drill/ https://iranthisway.com/2020/01/27/iran-nidc-drill/#respond Mon, 27 Jan 2020 15:40:41 +0000 http://iranthisway.com/?p=10969 An official with the National Iranian Drilling Company said the company’s drillings of oil and gas wells have hit over 132,000 meters during the past 10 months. According to Shana, Mohammad Al-Khamis, the company’s drilling operations deputy, said that the record was registered since the beginning of the current calendar year, which began on March...

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An official with the National Iranian Drilling Company said the company’s drillings of oil and gas wells have hit over 132,000 meters during the past 10 months.

According to Shana, Mohammad Al-Khamis, the company’s drilling operations deputy, said that the record was registered since the beginning of the current calendar year, which began on March 21, and entailed 96 wells.

Among the wells were 35 development/appraisal wells, 2 exploration wells and 59 workover operations.

He said 70 wells were spudded in the fields operated by the National Iranian South Oil Company (NISOC), 13 were drilled in offshore field operated by the Iranian Offshore Oil Company (IOOC), 2 wells were ordered by the Iranian Central Oilfields Company, 3 were ordered by the Petroleum Engineering and Development Company (PEDEC), 6 were drilled as projects and 2 others were ordered by the Exploration Department of the National Iranian Oil Company (NIOC).

“In the past 10 months, as a result of the efforts and synergy with the applicant companies, the NIDC’s employees drilled 9 oil and gas wells 89 days ahead of the plans,” he said

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Iran’s South Pars gas output doubled in five years https://iranthisway.com/2018/12/23/iran-south-pars-gas-output/ https://iranthisway.com/2018/12/23/iran-south-pars-gas-output/#respond Sun, 23 Dec 2018 14:01:14 +0000 http://iranthisway.com/?p=10806 The output from the giant South Pars Gas Field in the Persian Gulf has been doubled in the past five years, the managing director of Pars Oil and Gas Company said. “Iran is now extracting around 600 million cubic meters per day of natural gas from the field, twice the amount five years ago,” Mohammad...

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The output from the giant South Pars Gas Field in the Persian Gulf has been doubled in the past five years, the managing director of Pars Oil and Gas Company said.

“Iran is now extracting around 600 million cubic meters per day of natural gas from the field, twice the amount five years ago,” Mohammad Meshkinfam said.

“Except for Phase 11, other phases including 13, 14, 22, and 24 have come on stream,” the official added.

He noted that the company has built 13 refineries, drilled 267 wells, and laid 3,500 kilometers of subsea pipes.

According to Meshkinfam, the field’s daily output will soar to 850 million cubic meters of natural gas, one million barrels of condensates, 10 million tons of LPG and 5,000 tons of sulfur when it is in full operation.

South Pars, which is located in the Persian Gulf and shared between Iran and Qatar, is the world’s largest gas reserve. It holds an estimated 51 trillion cubic meters of in-situ natural gas and some 50 billion barrels of condensates.

The megaproject is being developed in 24 phases.

According to an estimate, Iran’s recoverable gas stands at 10 trillion cubic meters and Qatar’s is estimated to be over 25 trillion cubic meters.

Meshkinfam had earlier said that “more than $70 billion have been spent on the gas project over the last 15 years and the field requires between $20 billion and $30 billion in additional spending to become fully operational.”

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