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Iranian Offshore Oil Company (IOOC) Archives - IRAN This Way https://iranthisway.com/tag/iranian-offshore-oil-company-iooc/ Become familiar with Iranian lifestyle! Thu, 20 Apr 2017 07:20:08 +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 Iranian Offshore Oil Company (IOOC) Archives - IRAN This Way https://iranthisway.com/tag/iranian-offshore-oil-company-iooc/ 32 32 Iran start talks with Maersk over SPOL https://iranthisway.com/2017/04/20/iran-start-talks-maersk-spol/ https://iranthisway.com/2017/04/20/iran-start-talks-maersk-spol/#respond Thu, 20 Apr 2017 07:20:08 +0000 http://iranthisway.com/?p=9327 Oil Minister Zanganeh said negotiations with the Danish business conglomerate, Maersk Group, were being pursued over development of South Pars Oil Layer (SPOL). Bijan Zangaeh, while pointing to continuation of talks with Maersk Group, voiced optimism that final agreements will be reached in near future. “What’s more, Pars Oil and Gas Company Ltd. has been...

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Oil Minister Zanganeh said negotiations with the Danish business conglomerate, Maersk Group, were being pursued over development of South Pars Oil Layer (SPOL).

Bijan Zangaeh, while pointing to continuation of talks with Maersk Group, voiced optimism that final agreements will be reached in near future.

“What’s more, Pars Oil and Gas Company Ltd. has been chosen as the contractor of the project,” he continued.

In the same line, Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri recounted on results of negotiations asserting “for the moment, talks will continue with Denmark’s Maersk until a contract is signed in near future.”

Manouchehri’s remarks come at a time when he has asked Petroiran Development Company to seek consultations from Maersk Group. Such an emphasis seems to be rooted in the fact that the Danish firm is in charge of developing South Pars Oil Layer project.

Complementing oil minister’s statements on the change in the project’s contractor, the NIOC official said “the primary contractor of the project was Pars Oil and Gas Company though the responsibility was later shifted to the Iranian Offshore Oil Company (IOOC) before returning to the former again based on recent decisions.”

“SPOL was supposed to yield 35,000 oil barrels per day on a regular basis though the output figure currently stands at 25 thousand barrels and will hopefully reach the envisaged level by the end of current year,” stressed the official.

Until a year ago, Maersk Group was in charge of development and production in the Qatari side of South Pars Oil Layer and it had managed to recover one billion barrels. Nevertheless, Total’s proposal to Qatar over the layer led the Danish firm out of the oil-rich region and marked an end to its partnership with Qataris.

Afterwards, Maersk launched more serious talks with National Iranian Oil Company (NIOC) though no final deal has been sealed yet. Several decades ago, the Danish business conglomerate held sessions with the Iranian Ministry of Petroleum though its proposals were rejected and Petroiran Development Company was put in charge of the developmental project.

Several marginal issues in the drilling project and failure of Schlumberger drilling program brought about a series of unwanted events until the first Floating Production, Storage and Offloading (FPSO) unit was purchased.

Return of Maersk Group to Iran is reminiscent of the remarks made by International Petroleum Consultant and the then Director of Maersk for legal affairs and contract Pasha Ramazanpour who said “despite willingness of the Danish firm to develop the oil layer, the project has been assigned to a newly-formed Iranian company.”

A.P. Moller–Maersk Group, also known as Maersk, is a Danish business conglomerate. A.P. Møller – Maersk Group has activities in a variety of business sectors, primarily within the transport and energy sectors.

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Polish’s Lotos S.A. and PKN Orlen participating in Iran oil industry https://iranthisway.com/2017/01/11/polishs-lotos-s-pkn-orlen-participating-iran-oil-industry/ https://iranthisway.com/2017/01/11/polishs-lotos-s-pkn-orlen-participating-iran-oil-industry/#comments Wed, 11 Jan 2017 17:52:58 +0000 http://iranthisway.com/?p=7914 A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian...

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A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields.

Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian oil and gas industry.

So far, National Iranian Oil Company (NIOC) has signed spot contracts for crude sales to Lotos S.A. and PKN Orlen while negotiations have also begun with another Polish oil giant for investment in Iranian oil and gas industry.

Managing Director of National Iranian South Oil Company (NISOC) Bijan Alipour, while pointing to the held talks with a Polish firm over implementing developmental projects and boosting recovery factor in southern Iranian oilfields, announced that senior officials of a Polish oil and gas refinery will travel to Iran late January to finalize talks with Iran.

Moreover, National Iranian Oil Company (NIOC), in a statement released last week, affirmed adequacy of 29 international oil and gas companies willing to put in tenders for Iran’s upstream oil sector with the name of Poland’s PGNiG SA on the list.

Poland's biggest refiner PKN Orlen announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil.

Poland’s biggest refiner PKN Orlen announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil.

What’s more, NIOC and PGNiG have recently signed into a Memorandum of Understanding (MoU) for development of Sumar field in west Iran.

In the same line, Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri has described the deal with the Polish over Sumar oilfield saying “PGNiG will conduct studies in the field for six months before making a proposal and a contract will be inked in case both side reach agreement.”

Chairman of Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) Peter Wozniak referred to the age-old history of ties between Iran and Poland stressing that his company had returned to Iran after a six-year hiatus, “given our outstanding experiences in Pakistan and Norway, we will hopefully succeed in development of Sumar field.”

From 2006 to 2010, PGNiG held several talks with Iranian Offshore Oil Company (IOOC) for expansion of Lavan gas field in the Persian Gulf and eventually refused to cooperate with NIOC after years of using delaying tactics.

Bordering Iraq in the west of Kermanshah province, Sumar oil field was discovered in 2009 and is believed to hold an in-place reserve of 475 million barrels of which 70 million barrels is recoverable.

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Iran’s crude oil production in the Persian Gulf significantly increased https://iranthisway.com/2016/11/22/irans-crude-oil-production-persian-gulf-significantly-increased/ https://iranthisway.com/2016/11/22/irans-crude-oil-production-persian-gulf-significantly-increased/#comments Tue, 22 Nov 2016 19:26:20 +0000 http://iranthisway.com/?p=5926 An IOOC official said volume of Iran’s crude oil production capacity in the Persian Gulf has risen by 10 thousand barrels. Describing new plans to boost crude output in the Persian Gulf, Technical Director of Iranian Offshore Oil Company (IOOC) Manoochehr Davoodi said given the overhaul of a number of offshore wells in Ilam platform...

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An IOOC official said volume of Iran’s crude oil production capacity in the Persian Gulf has risen by 10 thousand barrels.

Iran Crude oil, Persian Gulf

Describing new plans to boost crude output in the Persian Gulf, Technical Director of Iranian Offshore Oil Company (IOOC) Manoochehr Davoodi said given the overhaul of a number of offshore wells in Ilam platform at Siri Oil field, a total of 10 thousand barrels will be added to daily production of oil in the region.

“Meanwhile, the volume of natural platform in the southern Iranian field will be increased by about 5 to 10 million cubic feet,” he continued.

Davoodi went on to note that the uplift in Iran’s crude oil output in the Persian Gulf comes after 16 years given that seabed issues had made it impossible to install drilling rigs.

The official said overhaul of the oil well aimed to provide LNG feedstock to Siri complex recalling “in the present week, Pasargad 100 Jackup, as the third domestically-constructed rig used by IOOC, will be set up on a platform in Ilam field.”

“Two drilling rigs will be put to operation in order to drill and overhaul a total of seven wells in the offshore Iranian field,” underscored Davoodi.

IOOC technical director went on to emphasize that drilling and overhaul processes of remaining wells will be accomplished in the near future.

Siri island is situated about 72 kilometers off the coastal line in the south of Bandar Lengeh Port and 40 kilometers to the west of Abu Musa in the Persian Gulf.

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