$7bn to Be Invested in Azadegan Oilfield Development
Oil Minister of Javad Owji says an investment of 7 billion dollars was planned in the development of Azadegan Oilfield, most of which to be provided by Iranian banks, development companies and the National Development Fund of Iran (NDFI).
Production of special cement for oil field drilling operations indigenized
Managing Director of Kaveh Pars Mining Industries Development Company, which belongs to Iran’s Mostazafan Foundation, announced that one of the company subsidiaries has indigenized the knowledge for producing a special type of cement used for shotcrete in oil and gas field wells.
Discovery of new oil field will be announced soon
TEHRAN (Iran News) – The National Iranian Oil Company (NIOC) expects to announce the discovery of a new oil field in Khuzestan province before the end of the current Persian year in March 2020, a NIOC official says. It would be the second major oil field after NIOC announced the discovery of the Namavaran oil field last […]
Azadegan oil field recovery factor can increase by 10%
TEHRAN (Iran News) – Studies and screening carried out by the University of Tehran’s Institute of Petroleum Engineering on Azadegan oil field, in southwestern Iran, indicate that the joint field recovery factor can be increased by 10 percent, Shana reported. According to the head of Petroleum Engineering and Development Company (PEDEC)’s Research and Technology Department, […]
North Azadegan oil field reach to steady output
TEHRAN (Iran News) – Iran’s North Azadegan oil field, which the country shares with Iraq in the West Karoun region, is producing 75,000 barrels per day of oil steadily, Mehr news agency reported on Sunday, quoting the director of the field’s development project. According to Esmail Qolampour Ahangar, five new wells and an assessment well […]
Iran says key oil players presented Azadegan plans
Iran says several leading oil and gas players have submitted the results of their studies over the development of one of its biggest oil prospects – Azadegan oil field. Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), was quoted by the domestic media as saying that the companies included Total, Royal/Dutch […]