South Pars Starts Drilling Operations at Phase 11
Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021.
Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021.
Iran will start to produce natural gas from Phase 11 of the South Pars gas field during H2 of the next Iranian calendar year beginning on March 21, 2021 at a cost of $50 million
Iran planned to raise oil production in 2021, as it expected that the US sanctions will be loosened after Joe Biden becomes president.
A senior Iranian official, Ali Karani, has attested that oil and gas exports will increase by building energy complexes in the province of Khuzestan.
Iran’s refineries have the capacity to turn two million barrels of crude oil (mmbbl) into petroleum products daily.
The Iranian Offshore Oil Company (IOOC) has introduced new look measures to try and enhance oil production at Forouzan offshore field.
Iran’s Persian Gulf Star Refinery (PGSR)’s exported products from March 20 to September 21 were 120% higher than the products exported in the same period in 2019.
Iran has shown a 9% year-on-year (YoY) increase in the production of gas and gas condensates in the first six months of the current Iranian year (March 21, 2020-September 21, 2020).
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels.
Iran’s landmark South Pars phase 12 refinery is now receiving in excess of 46 million cubic meters per day (mcm/d) of gas from platforms 22-24.