Economy & Markets

POST-SANCTIONS DIELMMA; Iran’s drilling industry after lifting the sanctions and Introduction of IPC?

Ramin Foroozandeh Researcher By unveiling the new generation of oil contracts with the name of IPC (although the draft version of this contract was not publicly published), a number of legal, financial and technical investigations were conducted. Obviously judging on this contract form is not possible until its publication in a complete detailed way. Meanwhile the approval of cabinet of ...

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Iran Has Great Potentials for Oil&Gas Activities

Abdoalsamad Rahmati The National Iranian Oil Company Oil and gas industry in any country is located in the center of the country’s economy. Therefore, multiple capabilities of oil in industrial fields have led developed countries toward achieving vast oil resources around the world. Furthermore, countries having these resources have realized the financial aspect of this material and are after earning ...

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Legal Requirement for International participation in Iran’s petroleum industry

Reza Pakdaman International contracts expert Being an international industry is one of the main characteristics of world’s petroleum industry. Although other industries need to have international connections, but petroleum industry’s nature is international cooperation at all levels. Even in developed country’s petroleum industry with a robust science and financial support, there exist lots of companies from other countries. For example ...

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The Investigation of Economic Factors in Post-Sanction Condititons

The most important expectation of Petroleum Industry is that foreign companies bring required technology and capital to our country; moreover, they can benefit from the maximum potential of Iranian companies which have flourished in recent years in projects and pave the way for the training of Iranian workforce and companies especially in the field of project management.   The investigation ...

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The Investigation of the Effective Factors of Economic Evaluation

The investigation of the effective factors of economic evaluation is among critical issues associated with Iran drilling services economy and market. Several factors are of importance to be mentioned. The main factors are as follows: 1-Cost estimate (capital, operation), 2- Income estimate ( work load and rates), 3- Planning horizon, 4- Discount rate (Cost of capital , value for money and minimum absorption rate), 5- Measures of profit , profitability ...

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The Impact of Client-Contractor Relationship on Cost Decrease

The contracts made between drilling clients (operators) and contractors are of great importance in decreasing drilling cost. Incentive contracts are one instance of contracts leading to drilling cost decrease.   Client-contractor relationships have a significant influence on the decrease of drilling cost. The contracts made between drilling clients (operators) and contractors are of great importance in decreasing drilling cost. Incentive ...

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Drilling : The Golden Gate of Oil Industry Development

The Drilling industry is probably considered as the most important principle of oil and gas discovery and production. Without planning for the development of this key industry, the realization of oil and gas production goals will not be possible. Today, the significance of drilling in the oil industry has placed this industry as one of the ranking indices for countries ...

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Things to Know before entering Iran Drilling Market

  OPEC data put Iran’s proven oil reserves at 157.7 billion barrels and its natural gas deposits at 34 trillion cubic meters (tcm). Iran’s oil production hovered around 3.1 million barrels a day (mb/d) in 2014, which officials say could reach 4 mb/d with a year after international sanctions are lifted on the country. Iran’s current oil and gas output capacities are estimated at 3.8 mb/d and 760 mcm/d ...

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