Iran's ICOFC signs contract, agreements with local companies on various oil, gas fields

Oil&Gas Materials 21 May 2023 08:53 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, May 21. Iranian Central Oil Fields Company (ICOFC) signed various contracts and agreements with local companies related to a number of oil and gas fields, Trend reports citing Shana News Agency.

According to the report, a contract was signed between the ICOFC and Dehloran Petro Refining Company in order to increase the pressure in the Cheshmeh-Khosh and Paydar-e Gharb fields and provide fuel for the NGL-3100 refinery.

Under the contract, $52.7 million is planned to be spent and operational work is expected to be completed in 20 months.

Also, Iranian Central Oil Fields Company has signed an agreement with Sarvak Azar Engineering and Development (SAED) related to launch research on the development of the 2nd phase of the Dehloran oil field, which is a joint field between Iran and Iraq. According to the agreement, the production from the mentioned field is planned to be increased by 8,000 barrels per day by spending approximately 200 million euros.

In addition, the ICOFC has signed an agreement with Global Petro Tech Kish Company regarding the launching of studies on the development of Eram gas field. The purpose of signing the agreement is to produce 15 million cubic meters of gas daily from this field with an investment of $394 million by a Chinese investor company.

The Iranian Central Oil Fields Company has 84 oil and gas fields in 11 provinces of Iran. So far, 13 gas fields and 13 oil fields have been developed.

At present, the ICOFC has the capacity to extract about 250,000 barrels of crude oil and 250 million cubic meters of gas per day.


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