Page 12 - MEOG Week 50 2022

MEOG NEWS IN BRIEF MEOG

Israel issues fourth round submit proposals until the summer of 2023,
GAS and materials. The companies will be able to
Iran eyes 0.5 bcm gas of gas exploration licence and a few weeks later the results of the tender
will be published. A prospecting licence will
output growth by 2029 tenders be granted for a period of 3 years. During the
period, the licence holders will carry out the
The CEO of the National Iranian Oil Israel’s Ministry of National Infrastructures, work plan they have committed to in order to
Company (NIOC) announced the company’s Energy and Water Resources today published explore the entire area they have received.
plan to increase the country’s gas production a fourth round of tenders for offshore natural After implementation of the work plan,
capacity by 500 million cubic meters per day gas exploration licences. The new tender the licensee can request an extension for two
(mcm/d) by 2029. follows a change of policy by outgoing additional years, provided that a work plan is
“Our dear people should know that the Minister of National Infrastructures, Energy filed that includes drilling in at least one of the
employees of the oil industry are in the true and Water Resources Karine Elharrar who licences in the cluster, as well as another work
sense of the word doing jihadi work to bring last year said that no new tenders would be plan, to be approved in the other licences.
prosperity, comfort and warmth to them,” said published. Elharrar said: “The exploration procedure
Mohsen Khojastehmehr on Tuesday morning. Elharrar has come under fire since the start for natural gas in Israel’s economic waters will
Speaking on the sidelines of the first of the Russia-Ukraine war the subsequent allow for increased competition, the creation
conference and exhibition of technology energy crisis in Europe and in particular the of stability in supply to the domestic economy
management of knowledge-based products in huge demand for natural gas. and will allow for the signing of additional
Iran’s oil industry, he touched on the pressure Companies and countries are able to agreements, such as those we have signed with
boosting plan of South Pars Gas Field: increase their gas exports and their profits and the EU and Egypt, for the export of natural
“Design, engineering and implementation in May 2022, Elhararr announced a change gas worldwide. This is a great moment for the
of pressure boosting for sour gas is a new of policy and that new exploration licences State of Israel, which due to the global energy
issue in the world and even the neighbouring would be issued. crisis has become a significant player in the
countries, like us, is in the first stage, that is, As part of the latest tender procedure, four international energy market and will continue
design.” sets of exploration licences (zones) will be to position itself as a significant player in the
Stating that the NIOC has important plans offered. The decision to market the areas in regional and international energy market.”
for increasing pressure of the South Pars joint bundles of licences, according to the Ministry GLOBES
gas field, he added: “Conceptual and basic of National Infrastructures, Energy and Water
engineering studies for implementation of the Resources, is intended to enable a more Partners okay Tamar
pressure boosting project are in the form of correct matching of the search areas to the
a pilot, and the conceptual and basic studies existing geological structures in the sea, which expansion
have already been completed and the design may contain natural resources.
of the turbo compressor to compress gas has The basic premise is that holding licences US energy giant Chevron and its partners in
progressed 70%.” to explore larger areas will allow geological the Tamar natural gas reservoir off Israel’s
The Deputy Minister of Petroleum pointed and geophysical surveys to be carried out in Mediterranean coast announced Thursday
out that in parallel with the implementation a more professional and efficient manner. In that they have okayed a final investment
of this pilot, the basic engineering work of some of the clusters, exploration licences have decision (FID) needed to proceed with
all phases of South Pars for different hubs is already been granted in the past, and seismic the first phase of expanding natural gas
being done, and God willing, these studies surveys and other exploration operations production to meet growing domestic
will be completed by the beginning of the next have been carried out, indicating a possible demand and boost exports to Egypt.
Iranian calendar year to March 2023. potential for the discovery of hydrocarbon As part of the FID, the partners in the
Khojastehmehr further announced that reserves. Tamas natural gas rig, located some 90 km (55
gas from Phase 11 of South Pars was to come With the opening of the competitive miles) west of Haifa, are expected to invest
online in the near future as it is regarded as procedure, the ministry has uploaded an some $673 million in a project expanding gas
NIOC’s top priority. updated version of a dedicated website, where production from the offshore field.
SHANA bidders can find all the information about the Chevron provided details of a two-stage
procedure and review the relevant documents plan aimed at expanding production to about

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