Reza Aqebati, speaking Tuesday at a specialized meeting on investment opportunities in gas field development during the "Transformation in Investment and Development in Iran’s Upstream Oil and Gas" event, detailed the packages:
- Onshore fields: 35 fields requiring over $13 billion in investment.
- Offshore fields: 14 fields needing around $27 billion in investment.
The packages are divided into two main categories:
1. Fields in the oil-rich southern regions, mostly high-pressure with high production volumes.
2. Onshore fields managed by the Central Iran Oil Company, open to a wide range of investors, from small to large.
Aqebati stated that the 35 projects across 50 gas fields will boost Iran’s gas production capacity by 500 million cubic meters per day with a total investment of about $41 billion.
Projected output by company:
- South Pars Oil and Gas Company: Over $18 billion investment to increase daily production by 7 billion cubic feet.
- Central Iran Oil Company: $8.3 billion investment to add 5.5 billion cubic feet per day.
- Iranian Offshore Oil Company: $9 billion investment to raise capacity by 3 billion cubic feet per day.
- National Iranian South Oil Company: $5 billion investment to boost output by 2 billion cubic feet per day.
- Arvandan Oil and Gas Company: Over $200 million investment to add 200 million cubic feet per day.
Undeveloped onshore fields:
These fields hold an estimated 71 trillion cubic feet (TCF) of recoverable gas, with a production potential of 7 billion cubic feet per day, requiring $13 billion in investment.
Investment packages start at $50 million, covering fields such as:
- Bibi Hakimeh
- Kavir Kouh
- Samand
- Shahini
- Karoun
Aqebati highlighted Shahidan field in Khuzestan (managed by the National Iranian South Oil Company) as suitable for smaller investors, needing about $50 million for development. Cheshmeh-Shour field in Razavi Khorasan is also crucial due to high gas demand in the northeast.
Other notable onshore fields include:
- Sefid Khami (Khuzestan)
- Kuh-e Asmari
- Mokhtar
- Ahvaz Khami
Investment models:
The packages feature attractive contract models, including the Iran Petroleum Contract (IPC), designed to attract both domestic and foreign investors. These projects are expected to significantly boost Iran’s gas production, meeting domestic and export demands.
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