Economy & Markets

Hamid Bovard CEO of Iranian Offshore Oil Company Iranian Offshore Oil Company, as the largest offshore oil company of Iran, is in charge of managing 121 oil & gas reservoirs in 50 fields, 11 processing facility complexes, 16 Processing platforms, 100 wellhead platforms, 700 oil & gas production and water or gas injection wells, 3600 kms of offshore pipelines (4-42 ...

Have you ever wondered what it would be like to startup the car and not knowing where you would be traveling to or why you would be going there! This is why setting objectives is a fundamental component to short and long-term business success. The basic reason for this is that you can’t get where you are trying to go ...

Directional drilling in Iran is a young industry so that the first wells which have been drilled with directional drilling techniques to increase the productivity of wells, returns to 1992 in Gachsaran and Maroon Oil fields. In those years there wasn’t any Iranian private service company with the ability of drilling directional wells. So, the National Iranian Drilling Company (NIDC) ...

In recent years, and especially in developing projects of South Pars, an increasing trend has been witnessed in applying project management knowledge in drilling projects. However, despite the fact that the drilling projects have high costs and are risky in comparison with other industries projects, they are in a poor condition in terms of an organization and implementation of the ...

Because of the growing demand for directional drilling, also the use of coiled tubing service and latest technologies is increasing.This service needs engineering science, investment and employers’ support in case of salaries, contracts, and transparency in payments. By having the support of employers, contractors could supply better equipment and also train experienced personnel which will cause decreasing engineering related problems ...

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 ...

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 ...

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 ...

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 ...

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 ...