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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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

  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 ...

It should be highlighted that the most significant advantage of such drilling method is penetrating those reservoirs which could not be produced economically except for applying directional drilling technology.   World economy prosperity requires energy resources. According to the present studies and statistics, hydrocarbon will remain as the major energy supply until 2050. Geographical distribution of these resources indicates that ...

  Iran is considered as one of the main countries possessing the greatest oil and gas reserves. Aiming to reserve preservation, optimized exploration till production, safe transmission with least wastes & final refinement, require up-todate technologies as well as practical commitment to apply the highest level of safety & quality within the oil & gas sector. Domestic & global major ...