Page 10 - MEOG Week 34

MEOG ProJeCts & ComPanIes
MEOG
South Pars oil layer
to be developed by
Iranian firm
Iran
oIL Layer:
The three main reservoirs of the South Pars oil layers are Cretaceous carbonates Upper Dariyan, Lower Dariyan and Maddud members.
Image: Layers of the South Pars eld
Source: Finding Petroleum
WITH Tehran struggling to attract foreign oper- ators, the National Iranian Oil Co. (NIOC) has announced that it will award the development contract for the South Pars oil layer (SPOL) to a domestic rm.
NIOC’s director of integrated planning, Karim Zobeidi, was quoted by Mehr News last week as saying that the selected company would proceed with the project under the integrated petroleum contract (IPC) model, which was introduced to replace the unpopular buyback contract in 2016.
He added that “Negotiations are also under- way with domestic companies for the develop- ment of other elds such as Yaran and Sohrab.”
Zobeidi noted that IPC deals had been signed for projects to improve recovery from fields including Cheshmeh-Khosh, West and East Paydar, Sepehr and Jofair, adding that “with these contracts going operational the production capacity of the country’s oil elds will increase signi cantly.”
In January, Pars Oil and Gas Co. (POGC) managing director Mohammad Meshkinfam said that his company was in talks with several domestic oil and gas companies for the South Pars oil layer following the end of discussions with Denmark’s Maersk Oil.
Meshkinfam said at the time: “Since Maersk merged into Total, we stopped negotiations with the company due to the presence of Total on the Qatari side. At present, we are negotiating with some Iranian companies to develop the layers, with the negotiations being con dential,” he said.
He added that production from the oil layer had reached 25,000 barrels per day, following the initial rate of 5,000 bpd, which was reached on start-up in early 2017. Meshkinfam noted that neighbouring Qatar was producing 300,000 bpd from its share of the Pars Dome, which Doha calls the North Field.
Gholamreza Manouchehri, the former dep- uty head of NIOC, was quoted by Mehr News Agency last week as saying: “We are looking for a competent contractor who can make a com- mitment to production. Iranian companies are interested in getting money and digging wells. We are looking for cumulative production.”
NIOC has a target of producing 150,000 bpd from the currently producing reservoir.™
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Week 34 27•August•2019