Iran outlines oil plans for Persian Gulf fields

Offshore staff

TEHRAN, Iran – National Iranian Offshore Oil Co. (NIOOC) expects oil output from the Forouzan field in the Persian Gulf to rise by 20% over the next 14 months.

The field is shared between Iran and Saudi Arabia. Exploration and production activities started more than 40 years ago, under international law regulations.

NIOOC’s Managing Director Mahmoud Zirakchianzadeh told Iranian news service Shana that a development plan for the Esfandiar oil field is nearing completion, with a contract set to be signed some time next month.

In the South Pars field in the Persian Gulf, gas extraction from Phases 17 and 18 should start this June, according to Pars Oil and Gas Co. Managing Director Mousa Souri. Full output should be reached in October.

2/2/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...