OPEC data put Iranâ€™s proven oil reservesÂ at 157.7 billion barrels and its natural gasÂ deposits at 34 trillion cubic meters (tcm).Â Iranâ€™s oil production hovered around 3.1Â million barrels a day (mb/d) in 2014, whichÂ officials say could reach 4 mb/d with a yearÂ after international sanctions are lifted onÂ the country. Iranâ€™s current oil and gas outputÂ capacities are estimated at 3.8 mb/d andÂ 760 mcm/d respectively. Regardless of the impact of sanctions in recent years, Iranâ€™s oilÂ production has diminished in recent years.Â Over the coming year, production boostÂ from West Karoun fields â€“ Yadavaran andÂ Azadegan â€“ will add 150,000 b/d to Iranâ€™s oilÂ production capacity. The â€œenhanced crudeÂ oil and gas condensate production capacityÂ with focus on recovery from shared fieldsâ€Â plan requires Iranâ€™s oil production to reachÂ 5.7 mb/d by the Iranian calendar yearÂ 1396 (starting in March 2017) and theÂ countryâ€™s gas production to hit 1 bcm/d byÂ the calendar year 1397. Iranâ€™s Ministry ofÂ Petroleum envisages 5 mb/d of oil, 1 mb/d ofÂ gas condensate and 1.3 bcm/d gas by earlyÂ 2021 when Iranâ€™s 6th Five-Year EconomicÂ Development Plan ends. The supergiantÂ offshore South Pars gas field, which is aÂ shared field between Iran and Qatar inÂ the Persian Gulf, will make the highestÂ contribution to Iranâ€™s gas production. Eight megaprojects, valued at 53$ billion, areÂ currently under construction in South ParsÂ Field which will be started up by the end of.
Iran Upstream Oil StructureÂ
Iranâ€™s oil and gas sector has a fully staterun structure, under which ownership ofÂ oil reservoirs, production, transmissionÂ and sale of oil and gas are run exclusivelyÂ by National Iranian Oil Company (NIOC).Â Private companies can operate inÂ exploration, development and drilling,Â refining, petrochemical production andÂ selling oil and petrochemical products.Â NIOC has six subsidiaries that areÂ tasked with developing and operating oilÂ reservoirs. They are National Iranian SouthÂ Oil Company (accounting for %80 of Iranâ€™sÂ oil output and holding several subsidiaryÂ Â companies), Arvandan Oil and GasÂ Company (running West Karoun oilÂ fields), Iran Central Oil Fields Company
(running oil production in central,Â eastern and western Iran), IranianÂ Offshore Oil Company (operatingÂ oil production in the Persian Gulf),Â Khazar Exploration and ProductionÂ Company (conducting exploration operations in the Caspian Sea) andÂ Pars Oil and Gas Company (operatingÂ South Pars, North Pars, Golshan and Ferdows fields). Meanwhile,Â some fields are developed under theÂ supervision of Petroleum Engineering and Development Company on behalfÂ of NIOC. Some oil companies directlyÂ involved in development and drilling operations are partly or fully owned byÂ NIOC subsidiaries. Some of them areÂ Petropars (operating in South Pars), Petroiran Development CompanyÂ (active in Persian Gulf fields) andÂ National Iranian Drilling Company (theÂ giant drilling service provider with 72Â Â drilling rigs). Private companies areÂ mainly engaged in procuring drillingÂ rigs, providing consulting services,Â drilling services and manpower.
Iran Upstream Projects
Iranâ€™s oil development projectsÂ are currently focused on SouthÂ Pars gas field and West Karoun oilÂ fields including North Azadegan,Â South Azadegan, Yadavaran, SouthÂ Yaran, North Yaran and Azar.Â Development in several oilfields likeÂ Forouzan, Jofeir and Sousangerd isÂ stopped or slowed down. NIOC is stillÂ operating numerous projects related to the development of ageing andÂ new oil fields. To that effect, NIOC hasÂ presented a list of 28 opportunities for investment, totaling 33$ billion, inÂ exploration and development. ThereÂ are other investment opportunitiesÂ for the development of oil and gasÂ fields, but either economic feasibilityÂ studies have not been carried out forÂ Â them yet or they could be awarded throughÂ direct negotiations. Since some aging fieldsÂ have reached maturity, enhanced recovery,Â optimized production and productionÂ preservation projects through wellÂ workover are among other opportunitiesÂ for investment. Itâ€™s estimated that at leastÂ 70 percent of oil wells need workover andÂ remedial actions.
Development of green fields and also wellÂ completion and workover in brown fields areÂ often carried out under EPC and buy-backÂ contracts. Under buy-back, the contractorÂ finances the project is remunerated fromÂ a portion of revenues from the sale ofÂ products. Under EPC, the contractorÂ develops the project financed by theÂ developer. The most common frameworkÂ of contract for drilling is EPD which has aÂ turnkey basis. Drilling in most development phases of South Pars is done underÂ EPD framework. POGC and IOOC useÂ Integrated Drilling Services (IDS) contractsÂ Â for their projects. Iran started developing aÂ new type of oil contract two years ago. TheÂ first draft of Iran Petroleum Contract (IPC)Â was unveiled in Tehran in March 2013 andÂ the final version is to be unveiled in LondonÂ in December 2015 when 50 investmentÂ opportunities will be also introduced.UnderÂ IPC, all development operations includingÂ exploration, development, productionÂ and enhanced recovery are done in anÂ integrated manner with both contractorÂ and developer involved. The contractor isÂ remunerated per oil barrel produced fromÂ the field in question. This new structureÂ of oil contracts is expected to bring aboutÂ fundamental changes in drilling servicesÂ required in Iran. These changes includeÂ the necessity of using state-of-the-artÂ technology, integrated drilling servicesÂ and applying new methods in workover,Â preservation and enhanced recovery.Â Some of these services could be provided by Iranian companies, but some othersÂ will necessitate the cooperation of foreignÂ companies.
We can Provide:
The Iran DrillingÂ Market research services details the equipment and service markets associatedÂ with the exploration, drilling, and production segments of the Iran petroleum industry. TheÂ Reports contains share and size analysis on 32 market segments. Our aim is to introduceÂ and simplify doing business and participating in tenders in Iran, we can provide consultingÂ to organizations wishing to have a better understanding of the Iranian drilling industryÂ market, and help develop their business in this very different market. We construct theÂ Oilfield Market Report using thousands of interviews and hundreds of independent dataÂ sources. Among the reportâ€™s hundreds of clients are all major oil companies, all majorÂ service companies, all major consulting firms and a host of investors.
We can provide this information in our package:
- Iran upstream oil structure specially drilling
- Iran upstream Projects specially drilling projects
- Cotract terms of drilling
- Trends and Forecasts
- Market players
- Consultancy in iran Drilling Industry Report
- Analytical Report of Iran’s Drilling Market
Total Cost : 3000 $