...

Iranian Central Oil Fields Co offering $11B projects

Oil&Gas Materials 6 May 2016 14:19 (UTC +04:00)
The Iranian Central Oil Fields Company (ICOFC) has projects worth $11 billion for foreign companies, the company’s CEO Salbali Karimi told SHANA news agency May 6
Iranian Central Oil Fields Co offering $11B projects

Baku, Azerbaijan, May 6

By Dalga Khatinoglu - Trend:

The Iranian Central Oil Fields Company (ICOFC) has projects worth $11 billion for foreign companies, the company's CEO Salbali Karimi told SHANA news agency May 6.

He said the projects have been included to the newly designed contract, called the Iran Petroleum Contracts (IPCs).

ICOFC's fields for foreigners based on Iran Petroleum Contract

ICOFC's fields for foreigners based on Iran Petroleum Contract

Iran introduced the IPCs to foreign companies last November. About 50 projects were offered based on the IPCs.

According to the documents of the IPCs, obtained by Trend, the total oil in place at the nine onshore ICOFC oil fields is above 16 billion stock tank barrels (BSTB) and the gas reserves at its fields are above 55 billion cubic feet.

Recently, Karimi has put the needed investment for gas fields at $6.1 billion.

ICOFC's offered oil and gas projects:

Oil fields

Oil in place

(BSTB)

Current production

(KBbl/d)

Total estimated production

API

1

Aban

0.138

9

To be proposed by contractor

9

2

Paydar

1.047

5.5

To be proposed by contractor

5.5

3

West-Paydar

0.952

28

To be proposed by contractor

28

4

Danan

3.738

8

To be proposed by contractor

8

5

Cheshmeh-Khosh

3.740

72

To be proposed by contractor

20-29

6

Dalpari

0.367

14

To be proposed by contractor

14

7

Naft-Shahr

0.580

5.5

To be proposed by contractor

5.5

8

Sumar

0.441

0.5

To be proposed by contractor

0.5

9

Dehloran

5.184

24

To be proposed by contractor

24

Total

16.187

166.5

Gas fields

Gas in place

(TCF)

Current production

(MCF/D)

Total estimated production

(MCF/D)

Estimated condensate production

(KBbl/D)

1

Sefid-Baghon

2.37

0

160

1.6

2

Sefid-Zakhor

8.23

0

353

3.53

3

Dey

1.75

0

180

1.8

4

Aghar-Phase 2

25.8

776

1500

1.5

5

Tange Bijar

8.17

247

353

1.7

7

Halegan

4.63

0

440

4.4

Total

50.95

1023

2986

14.53

Tags:
Latest

Latest