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Iran Assures Crude Oil Buyers of Meeting Demands
Managing director of the National Iranian Oil Company (NIOC) promised all of the firm’s traditional and new customers over sustained supply to meet their needs. Rokneddin Javadi told Shana that re-taking the lost quota in the international crude oil market is one of Iran’s post-sanctions challenges. “Unfortunately, Iran lost part of its export markets after deletion of the country ...
Read More »Iran to Sign $10-15b New Petroleum Contracts: NIOC Chief
Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi foresees that Iran will be able to sign 10 to 15 billion dollars of the new petroleum contacts by next year. “Signing does not mean attraction of (financial) resources,†he told Shana explaining that holding of tender offers and the process of revision, completion and drafting of the ...
Read More »NIOC to Announce New IPC Conference Venue
A deputy head of National Iranian Oil Company (NIOC) said the new venue for holding Iran Petroleum Contract conference will be announced in the near future. Ali Kardor, who is NIOC deputy chief for investment, told Shana that the conference will be held in a foreign country. It was previously supposed to be held in London for three days beginning ...
Read More »Iran Eyes 4.6mb/d Crude Oil Output under 6th Development Plan
Addressing an energy conference on Tuesday, he said $40m in investments is needed for developing the country’s oil industry under the plan. Zangeneh said Iran recovers 75% of its crude oil output from 8 or 9 fields that have been productive more than 60 years and their output is consistently diminishing. He said boosting production of oil is the chief ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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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