OIEC

Ali Kardor, the managing director of National Iranian Oil Co. (NIOC) declared: in the near future oil and gas fields’ development will be done based on 3 types of contracts including BuyBack, Iranian Petroleum Contracts (IPC) and Engineering, Procurement, Construction & financial (EPCF). It is worth noting that under a buyback deal, the host government agrees to pay the contractor an agreed price for all volumes of hydrocarbons the contractor produces. But under the IPC, the National Iranian Oil Co. (NIOC) will set up joint ventures for crude oil and…

Iran has confirmed the names of five Iranian companies that it has identified as partners for international energy majors seeking to invest in the Islamic republic, taking it a step closer to opening up its oil and gasfields to western investment. Gholamreza Manouchehri, the deputy head of the National Iranian Oil Company (NIOC), told the Financial Times that the companies already selected included Petroiran, Petropars, Mapna Group, Oil Industries Engineering and Construction group (OIEC) and Industrial Development and Renovation Organization of Iran (IDRO). But he said that a complete list…

According to Alireza Ebadi, the supervisor of South Pars Phases 20&21 (POGC), concluding operations over 11 wells at phase 21 are going on as planned and the phase's topside will be loaded from Khorramshahr Yard next week. He told Shana that drilling operations for the wells have sewn up and the wells are being prepared for production once the topside it installed at its designated site. Ebadi also said that installation of the structure will take a month. Last week, Platform A of phase 19 of the super giant South…

Daily production climbed to highest since end of November 2011 Exports rose more than 40% from March to 2 million barrels/day In an interview with IRIB News Agency, Managing director of National Iranian Oil Company announced that Iran has reached to pre-sanction level of crude oil production and export. Roknodin Javadi said: during the last month (30th Mar-30 Apr) country's crude oil export has increased to more than 2 million bpd besides we are experiencing a significant rise in crude oil production and in near future we will reach the…

According to the OIEC Managing Director interview with Shana agency, Iran is to launch phases 20 and 21 of the supergiant South Pars gas field by the end of the current Iranian calendar year to March 20 2016. Managing Director of Oil Industries' Engineering & Construction Group (OIEC) said the phases will come on-stream with a daily production capacity of 50 mcm/d of natural gas. Behzad Mohammadi told Shana that the phases will become fully operational by the end of the current year given the accelerated progress of drilling operations…

Kish Petroleum Engineering (KPE) is the central core of upstream activities in Oil Industries’ and Engineering Construction (OIEC) Group. Today, KPE is involved in significant proportion of Iran's market in various oil and gas upstream activities. The services start from seismic data processing and interpretation and end up with surface facilities conceptual design and economical evaluations and include the following: Full field studies and preparing field Master Development Plan (MDP) Drilling engineering and operation Drilling logistic Production engineering Field monitoring and reservoir management Leading operation in order to achieve the…

National Iranian South Oil Company because of increasing internal & external needs to hydrocarbon resources needed to sustainability and continuous increase oil production. For this purpose the exploration and development of oil fields is in the first place in its programs. In this regard west oil field development project in the form of development plan of the 16-fiels and Cheshmekhosh has been handed over to OEID. The plan included preliminary examination of seismic operations, processing, interpretation of seismology, and comprehensive studies of storage and preparation of development plan and then…

Client: Oil Industries Engineering & Construction (OIEC) Location of this phase is in the Persian Gulf and the site No.1 Special Economic Zone of South Pars which is located in BANDAR ASALOUYEH. The main objection of this project is the following: 25 million cubic meters of gas sweeting ( changing sour gas to gas sweeting) and send it to nation grid, sour gas of this containing compounds such as CO2, H2S and mercaptans and condensate which should be separated from the gas inlet before transfer in to nationwide. Another purpose…

Ceremony of Introducing new managing director of OEID was hold with the presence of Mr. Mohamadi, managing director of OEIC, and a number of managers of OEID and the managing director of OICO. At the beginning of the ceremony which was held at the company’s location, Mr.Mohamadi stated: oil and gas industry is the most dynamic sector of the country's economy. OEIC group has a great impact on this industry. He described OEID as one the most coherent companies of OEIC group because of the large number of projects, high…