Capital barriers eased to accelerate development of joint oil fields

SHANA (Tehran) – Oil Minister Mohsen Paknejad said plans are underway to speed up the development of Iran’s joint oil fields, noting that progress will accelerate once financing bottlenecks are resolved.

Fourth-stage compressors commissioned at Azar oil field

SHANA (Tehran) – The project manager for the Azar Oil Field development said the field has taken a major step toward sustainable and efficient utilization of associated gas with the commissioning of fourth-stage compressors. This follows the readiness of the Cheshmeh-Khosh Gas and NGL 3100 plant to receive high-pressure gas beginning in late October.

First well in Yadavaran Production Boost Plan comes online

SHANA (Tehran) – The director of the Yadavaran oil field development project announced that the first well under the 24-well Yadavaran Production Increase Plan has come on stream.

New phase of Abuzar Oil Field Development to begin soon

SHANA (Tehran) – The managing director of the Iranian Offshore Oil Company announced significant progress in the construction of the Abuzar oil field pipeline project, saying a new phase of the field’s development will begin soon if current progress continues.

New details revealed on Paznan field discovery

SHANA (Tehran) – The director of exploration at the National Iranian Oil Company (NIOC) has released new details about recently discovered reserves in the Paznan field, announcing the identification of two new reservoir layers — a gas reservoir estimated at 10 trillion cubic feet and an oil reservoir with recoverable reserves of 200 million barrels.

Oil Minister announces discovery of major gas, oil reserves

SHANA (Tehran) — Iran’s oil minister announced the discovery of significant new gas and oil reserves in the Pazan field, located in the southern part of Fars Province, saying the find could help offset the country’s future energy imbalance.

Iran inks $600m contract to develop Madar gas field

SHANA (Tehran) – Iran’s National Iranian Oil Co. signed a $600-million contract to develop and operate the Madar gas field with Isfahan’s Mobarakeh Steel Co. and the Oil Industries Engineering and Construction Co. (OIEC), the company announced.

Nowruz Oil Field production increases with offshore cable operation

SHANA (Tehran) – Oil production from the Nowruz field has increased by 1,500 barrels per day following the completion of a complex offshore power cable operation, according to an Iranian offshore oil company official.

Little time left for maximum output from oil fields: NISOC

SHANA (Tehran) – The head of the National Iranian South Oilfields Company (NISOC) warned that there is little time left to maximize output from the country’s oil reserves, citing global fossil fuel conditions and environmental challenges.

Development of joint oil fields hinges on modern technology, official says

SHANA (Tehran) – The CEO of Arvandan Oil and Gas Company emphasized the need to prioritize the development of joint oil fields, calling it a key strategy for advancing Iran’s oil industry and strengthening the national economy.

NISOC emphasizes efficiency in oil field repairs, logistics

SHANA (Tehran) – The CEO of the National Iranian South Oil Co. (NISOC) emphasized the need to speed up overhauls and secure necessary supplies for the oil industry during a visit to key projects at the Gachsaran Oil and Gas Operating Co.

More incentives provided for joint oilfield development

SHANA (Tehran) – The deputy engineering and development director of the National Iranian Oil Company (NIOC) said legal incentives and facilitation measures have been provided for investors in the development of shared oil and gas fields, which exceed those for independent fields.

Performance of approved joint field development plans reviewed

SHANA (Tehran) – The first meeting of the Economic Council in 1404 reviewed the implementation of approved measures and solutions to operational challenges in developing joint oil and gas fields in southern and western Iran.

Foreign Ministry spokesman responds to Kuwait’s renewed claims

Iran hopes Kuwait will agree to talks on Arash gas field

SHANA (Tehran) – Foreign Ministry spokesperson Esmaeil Baqaei on Monday reiterated that the dispute over the shared Arash gas field must be resolved through negotiations and mutual agreement, taking into account the historical and customary rights of both parties.

NIOC announces development of two oil fields in Khuzestan

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.

Development of joint oilfields, key strategy for gov't: VP

SHANA (Tehran) - The first vice president announced  that developing shared oilfields is a key strategy of the 14th administration. 

NIOC Chief: $7.5bn Contract with Iranian Consortium in the Offing

TEHRAN (Shana) – The CEO of the National Iranian Oil ‎Company (NIOC) here on Saturday announced that a 7.5-‎billion-dollar contract on the development of joint fields ‎will be soon signed with a domestic consortium.‎