Iran News ...


12/25/06

Iran in talks with LUKoil over North Azadegan Oilfield

TEHRAN, Dec. 25 (Mehr News Agency) - National Iranian Oil Company (NIOC) is currently in talks with Russia's LUKoil on the development of North Azadegan Oilfield, southern Iran, NIOC managing director said.

"Negotiations are at primary stage. We are exchanging data on the field, and we hope LUKoil will offer the Master Development Plan (MDP) in future," Iranian Students News Agency (ISNA) quoted Gholam-Hossein Nozari as saying.

Elsewhere, the official said that gas injection into oilfields declines during cold season because of growing domestic consumption. "The decline in gas injection will hopefully be alleviated once phases 6-8 at the South Pars (SP) gas field come on stream," he added.

Oil Minister Kazem Vaziri-Hamaneh already told ISNA that the gas produced from SP phases 6-8 would be used for injection into the oilfields.

According to the managing director of the Pars Oil and Gas Company (POGC), Akbar Torkan, phases 6-8 are to become operational by the end of the current Iranian year, falling on March 20, 2007.

New oilfield discovered in Iran's Anaran oil block

TEHRAN, Dec. 25 (Mehr News Agency) - Exploration drilling at second well of Anaran Block, western Iran, has resulted in the discovery of another sizeable oilfield in this region, ISNA reported on Monday.

In the heat of exploration operations in the country, one of four wells at Zavareh in Kashan, central Iran, seems to be commercially viable and approval for further work is pending upon the final report, exploration affairs director at National Iranian Oil Company (NIOC) stated.

The discovery of another field at Mehr offshore block, Persian Gulf, is also waiting for final findings and drilling on another well will be performed next month, Mahmud Mohaddes continued.

"In addition to seven rigs employed for exploration operations in the country, four more, two inland and another two offshore, are working at Fars, Tosan and Kuhdasht blocks," he stipulated.

The Norwegian Hydro and Russian Lukoil hold 75% and 25%, respectively, of the foreign shares in Anaran venture. Anaran oil block is located along Iran-Iraq border in Dehloran region.

Tehran, Minsk agree to develop Iranian oilfield

TEHRAN, Dec. 24 (Mehr News Agency) - Oil Minister Kazem Vaziri-Hamaneh on Sunday announced Iran-Belarus agreement on the development of an Iranian oilfield. "During our recent visit to Belarus, we came to an agreement to develop Jofeir Oilfield, southern Iran," the senior official said.

Hamaneh noted that a Belarusian oil delegation will visit Iran late February to prepare the Master Development Plan (MDP) on the field.

The managing director of Belarusian state oil company Belarusneft will head the delegation, he added.

According to the official, Tehran and Minsk have previously reached the agreement on the development of the field during a recent trip by the Belarusian first deputy prime minister to Iran.

He elaborated, "In previous talks, a memorandum of understanding (MOU) was signed for the development of two Iranian oilfields. Oil officials of Belarus conducted studies on the fields, and a final agreement was reached on Jofeir Oilfield."

He added that Belarus is currently studying methods to finance the project. "Talks on this issue are expected to come to a result within the next couple of months," he stated.

Hamaneh arrived in Minsk last Thursday on a two-day visit and meanwhile discussed with the Belarusian officials including the prime minister about the avenues for the exploration of mutual energy cooperation.

On December 22, Interfax news agency quoted Belarusneft's deputy general director for geology as saying, "Iran has proposed we analyze an oilfield," adding, "We have partially studied them and selected the one seeming to be the most promising from our point of view."

Located in Iran-Iraq border, Jofeir Oilfield will produce 30,000 barrels per day (bpd) of crude oil based on initial estimations.

According to the Iranian Students News Agency (ISNA), the National Iranian Oil Company (NIOC) already held negotiations with India Oil and Natural Gas Corporation Limited (ONGC) over the development of the field.

In return for buying 2.5 million tons of liquefied natural gas (LNG) from Iran, India agreed to implement the expected production of 30,000 bpd crude from the field.

Iran needs 20 tankers for LNG exports: official

TEHRAN, Dec. 24 (Mehr News Agency) -- Iran may need to place orders for 15-20 LNG tankers once the South Pars LNG deal goes through, managing director of National Iranian Tanker Company (NITC) noted on Sunday.

The purchase is pending upon the final sale and export ratification of NIOC, Iran and Pars LNG contracts in Assaluyeh, southern Iran, and "For every million ton of LNG, one tanker is required. That is, total production of 35 million tons calls for 35-40 vessels," Mohammad Suri continued.

"Nevertheless, there is no need to own these many ships, for many buyers are willing to play a part in transport business and have a share of the deal." Thus, purchase of 15-20 tankers could do the job for NITC, Suri stipulated.

National Iranian Tanker Company now holds 30 oil tankers, capable of hauling 6.037 million tons of crude. Orders for construction of 28 more vessels, 11 of them to be built domestically, will increase the current capacity to 11.3 million tons.

... Payvand News - 12/25/06 ... --



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