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Oil And Gas Development In Iran

Oil And Gas Development In Iran. Opportunities For Cooperation. Rokneddin Javadi, CEO Oil Industries’ Engineering and Construction (OIEC). Iran Oil and Gas Industry. Yesterday

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Oil And Gas Development In Iran

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  1. Oil And Gas Development In Iran Opportunities For Cooperation Rokneddin Javadi, CEO Oil Industries’ Engineering and Construction (OIEC)

  2. Iran Oil and Gas Industry • Yesterday • A history of more than a century in petroleum industry:Iranian oil industry began more than a hundred years ago, when oil was discovered in MasjedSoleiman for the first time, and it has survived and developed since then • Today • The world’s third-largest proven oil reserves • The world’s second-largest natural gas reserves • OPEC’s second-largest oil producer

  3. Reserves and Production Overview • Crude Oil • The world’s third-largest proven oil reserves • About 10% of the world's oil reserves • OPEC’s second-largest oil producer

  4. Reserves and Production Overview • Natural Gas • The world’s second-largest natural gas reserves • About 18% of the world's natural gas reserves

  5. Reserves and Production Overview • Key petroleum sector facilities South Pars Gas field (as an example) - One of the largest independent gas reservoirs in the world - Lying on the territorial border between Iran and the State of Qatar in the Persian Gulf - Covering an area of 9700 square kilometers, of which 3700 square kilometers belongs to Iran - The Iranian portion is estimated to contain some 14 TCM of gas reserves and some 18 bnbl of gas condensates (roughly 7.5 % of the world gas reserves)

  6. Governmental Structure • The ministry of Petroleum which is in charge of the oil and gas industry consists of four major state companies:

  7. The Developing Industry • The oil and gas industry is of the most fast-growing sectors in Iran • Legal requirements have been developed during the recent decade to support foreign investment and cooperation. • Significant and well-organized infrastructure facilities as well as qualified human resources are of the most striking factors that make Iranian oil and gas industry more attractive. • Iranian EPC companies, with the experience of developing national giant projects can be good partners to cooperate with.

  8. Development Plan Targets • Oil and Gas Sector in Iran’s approved five years development plan (2011-2015) • Total oil industry required investment: US Dollars 250 Billion • Number of projects with priority to be implemented: 360 • Upstream required investment: US Dollars 150 billion (US Dollars 30 billion each year) • Total investment carried out in 2011: US Dollars 22 billion • Investment plan for the year 2012: US Dollars 30 billion • Total increase in oil production capacity: 1 MM bbl/d • Total increase in natural gas production capacity: 250 MM SCMD

  9. Some of NIOC's Production Goals • To increase the crude oil production capacity from some 4.4 million barrels per day in 2008 to 5.1 million barrels per day in 2014 • To increase the natural gas production capacity from 552 million cubic meters per day in 2008 to 1,111 million cubic meters per day in 2014 • To increase the condensate production capacity from some 283,000 barrels per day in 2008 to some 748,000 barrels per day in 2014 • To increase the NGL production capacity and oil from some 160,000 barrels per day in 2008 to 337,000 barrels per day in 2014

  10. Iran Oil and Gas Opportunities • Having huge hydrocarbon reserves, there are significant opportunities in the sector: • Oil and gas fields development projects (preference is given to shared fields) • Gas fields development (preference is given to early-returns fields) • Oil fields development (preference is given to early production) • Oil and Gas Exploration blocks projects • Construction of gas production facilities, new gas and NGL plants • Crude oil export pipelines and pumping stations • Gas liquefaction and sweetening projects • Construction of crude oil storage tanks and required pipelines

  11. Opportunities for Russian Companies • Russian companies are of the best candidates to cooperate in Iran oil and gas industry due to strong economic relations between the two countries and previous experiences • The areas of EPC development projects and also joint investments by Iranian and Russian companies consist of: • exploration, development and production of oil and gas • Construction of gas pipeline for Iranian export gas purposes • Construction of oil refineries and petrochemical complexes for internal consumption and export purposes • Underground natural gas storage

  12. Opportunities for Russian Companies • There are also other great opportunities: • Transfer of technology and technical support and assistance • Financing of Iranian projects

  13. Oil Industries Engineering and Construction (OIEC) • OIEC: The leading Iranian EPC contractor in oil, gas and petrochemical industry • 25 years of professional and successful experience • Capable of undertaking projects from conceptual design through engineering, procurement, construction, commissioning and operation • Current projects load of over 10 Billion USD • Executing more than 140 projects • Close to 300 million man-hours of work so far • Over 2500 staff • Several subsidiaries, each a leading expert in their own field

  14. Oil Industries Engineering and Construction (OIEC) • Downstream • Design and construction of • Oil and gas refineries • Various petrochemical complexes • Gas gathering and NGL recovery plants • Oil and gas plants revamping and refurbishing • Upstream • Development and Production of oil and gas fields • Marketing and sale of crude oil

  15. Thank You For Your Attention Oil Industries’ Engineering and Construction (OIEC)

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