|
COPYRIGHT 2001 Input Solutions
A number of foreign companies have signed buy-back contracts to further develop existing Iranian oil and gas fields. The country's sustainable oil production capacity will rise from a little over 4m b/d to 5.5m b/d by 2004/05, excluding Azadegan's 400,000 b/d project, and 7.3m b/d by 2020.
Iran has more than 32 producing oilfields, of which over 25 are onshore and seven are offshore (see following table). Government officials from Oil Minister Bijan Namdar Zanganeh down are confident that Iran will have the capacity to produce 5.5m b/d of oil and 135BCM/year of natural gas before 2005. But Iran will remain committed to an OPEC oil production quota.
NIOC Restructured: In late 1998, the state-owned National Iranian Oil Co. (NIOC) restructured its upstream sector. This was divided into five main producing units: NIOC South, NIOC Offshore, NIOC Central, Pars Oil & Gas Co. (POGC - in charge of the offshore South and North Pars gas fields), and a Caspian Sea unit called Khazar Exploration & Production Co. (Kepco).
NIOC South was decentralised, with four geographical units - Marun, Masjid-e-Suleiman, Agha Jari and Karun - reporting to a holding company.
POGC, created in late 1998 and registered in the Virgin Islands, is 60% owned by the NIOC Pension Fund. The proposed 25...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
