Author Archives: admin

Iran Recovering 115,000b/d from Yadavaran Joint Oilfield

TEHRAN, Jan. 30 (Shana) — Iran is currently recovering 115,000 barrels of crude oil from Yadavaran oilfield which it shares with neighboring Iraq, operator of the field said. Hadi Nazarpour, operator of the field’s development project, has said production from the field is growing at a good pace, adding Yadavaran join oilfield is now yielding more crude oil than was ...

Read More »

McDermott awarded offshore pipelay contract in the Middle East

DUBAI — McDermott International has been awarded an offshore pipelay contract in the Middle East. The pipelay contract, sizeable in value, includes the engineering, procurement and installation of two oil pipelines offshore. Work on this contract is expected to be completed by the end of the second quarter in 2018. “This contract marks another example where our clients in the ...

Read More »

Total awards contract for Safe Caledonia semisubmersible to Prosafe

STAVANGER — Total E&P UK Limited has awarded Prosafe a contract for the provision of the Safe Caledonia semisubmersible accommodation vessel at the Elgin-Franklin Facility in the UK sector of the North Sea. The firm period of the contract is 134 days, plus additional 30 days option to extend with on-site operations planned to commence May 15, 2017. Total value ...

Read More »

Iranian E&P Oil Firm Inks MoU with OMV

TEHRAN, Jan. 25 (Shana) — An Iranian oil exploration and production (E&P) has signed a memorandum of understanding (MoU) with Austria’s OMV for cooperation in upstream oil projects in Iran. OMV, the international, integrated oil and gas company based in Vienna, and Dana Energy company, a leading Iranian company active in oil and gas upstream field development activities, signed a ...

Read More »

Iran Oil Output at 3.9 mbd: Minister

TEHRAN, Jan. 25 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh says Iran’s crude oil output is at 3.9 million barrels per day. Speaking on the sidelines of a government cabinet meeting on Wednesday, the official said Iran is now pumping 3.9 million barrels of oil per day. He said a heads of agreement (HoA) has been signed between the ...

Read More »

NIOC to Hold South Azadegan Tender Soon

TEHRAN, Jan. 24 (Shana) — The National Iranian Oil Company (NIOC) says it will hold a tender for developing South Azadegan oilfield in the near future. Managing Director of NIOC Ali Kardor said on Tuesday that the company has planned a tender for developing the field soon. He also expressed hope that a deal for developing phase 11 of the ...

Read More »

Iran Gas Production Capacity up by 0.6cm/d

TEHRAN, Jan. 24 (Shana) — Iran has raised its natural gas production capacity by 600,000 cubic meters per day by launching Well No. 45 of Tabnak gas field at Parsian Operating Area. South Zagros Oil and Gas Company has launched the well with the capacity to produce 600,000 cubic meter of natural gas per day. Badiollah Mousavi, operator of the ...

Read More »