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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 ...

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 ...

TEHRAN, Jan. 24 (Shana) — Government Spokesperson Mohammad Baqer Nobakht says Iran’s oil income is being transferred to the country without any trouble, adding the country will receive IRR 685,000b of its oil cash by the calendar yearend. Speaking on Tuesday, Nobakht said, “Under the current circumstances we can receive our oil money without any trouble.” He said Iran is ...

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 ...

HOUSTON — BP today announced that it has started up the Thunder Horse South Expansion project in the deepwater Gulf of Mexico, 11 months ahead of schedule and $150 million under budget. The project is expected to boost production at the facility by an estimated 50,000 boed gross, further increasing output at one of the largest oil fields in the ...

HOUSTON (Bloomberg) — Schlumberger is waiting for the rest of the world’s oil producers to catch up to the North American crude recovery. The world’s largest oilfield service provider sees international spending picking up in the second half of the year and into 2018, CEO Paal Kibsgaard told analysts and investors on an earnings conference call Friday. That will follow ...