Iranian Offshore Oil Company (IOOC) announced that the country is preparing to increase its production from an oilfield that is shared with Saudi Arabia in the Persian Gulf. The company said on Tuesday that it was installing jackets of a drilling rig at the Forouzan oilfield to prepare it for extraction of oil until March. The IOOC noted two ...

SHANA -- The Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts the Iran Petroleum Contract (IPC). Nearly 16 years have now passed since an agreement ...

SHANA -- The Iranian Offshore Oil Company (IOOC) CEO said that his company had already outsourced 60 percent of its operations to the private sector and would welcome their partnership in future projects. Addressing press conference on the sidelines of the 24th Iran Oil Show, Hamid Bovard said his company enjoyed the largest offshore fleet in Iran ...

SHANA -- The Iranian Offshore Oil Company (IOOC) signed 4 memoranda of understanding with domestic companies for supplying boats and standardization of flexible oil pipes. The documents were signed on Monday evening on the sidelines of the International Kish Marin Industries Exhibition in Kish Island. IOOC inked the MoUs with Barzin Energy Noavar,...

SHANA - The Iranian Offshore Oil Company (IOOC) signed a contract with PetroIran Company for maintaining and enhancing oil production capacity of Sivand, Esfand and Dena offshore oilfields in Persian Gulf waters. The contract was signed on Wednesday between the two companies and is to be completed in a 20-month period. An increase of 16,000 b/d ...

SHANA The Iranian Offshore Oil Company (IOOC) will launch the gas processing facilities of Hengam joint gas field soon, IOOC managing director said. According to the company, Hamid Bovard, the IOOC managing director, said the plant is being launched in line with the Economic Resilience policies of the Islamic Republic of Iran with the aim of preserving ...

Financial Tribune - The Iranian Offshore Oil Company (IOOC) is taking measures to increase production from oilfields in the Persian Gulf whose output took a hit when international sanctions were in place, Hamid Bovard, the company's chief executive officer, said. Domestic oil producers, including the IOOC, were forced to scale back crude oil output ...

  SHANA - A senior official with the Iranian Offshore Oil Company (IOOC) said the company received 80% of the services it needs in offshore operations from Iranian service firms during the previous calendar year which ended on March 20.   Salman Khosravi said the companies offered the same amount of services to the company in the ...

MNA Iranian Offshore Oil Company (IOOC) has released details on the sinking of the Iran-owned Masrour oil tanker on Wednesday in the Persian Gulf. According to Iranian Offshore Oil Company (IOOC), Masrour oil tanker, rented by the IOOC, ran into trouble at 14:30 on Wednesday, Nov. 2, four miles off a drilling rig located at Soroush Oilfield in ...

ILNA: Irans oil output from its fields in the Persian Gulf has increased, an oil official said. Saeid Hafezi, the managing director of the Iranian Offshore Oil Company (IOOC), has said that the output of Abouzar field has increased by 12,000 barrels per day. According to the official the increase in the output took place after re-launching a platform ...

TEHRAN, June 19 (Shana) Iran's crude oil recovery from Forouzan Oilfield, which it shares with Saudi Arabi in Persian Gulf waters, has reached 763 million barrels, 24% of the field's total oil output. Iran enjoys only 11% of the field but has so far recovered 24% of its total crude oil output. Meanwhile, Saudi Arabia has recovered 2.360 billion ...

  TEHRAN, June 13 (Shana) Managing director of the Iranian Offshore Oil Company (IOOC) said the company has positioned a rig over Esfand oilfield near Sirri Island in Persian Gulf waters, to raise oil and gas recovery from the field by drilling or repairing a number of shunt-in wells. Saeid Hafezi said the rig, dubbed as DD4 Rig, was successfully ...

  TEHRAN, April 27 (Shana) - Iranian Offshore Oil Company (IOOC) will boost its storage capacity to 25 million barrels by repairing 7 storage tanks by the year-end to March 20. Managing Director of IOOC Saeid Hafezi told Shana that the company's storage capacity is currently at 18.2 million barrels which will cross 25 million barrels once ...

  TEHRAN, April 20 (Shana) -Iranian Offshore Oil Company (IOOC) has started corresponding with leading ship scrapping companies to break down Sorena floating storage unit in Persian Gulf. Speaking with Shana, IOOC Chief Saeid Hafezi said the company has sent invitations to the embassies of Pakistan, India, Bangladesh, Seri Lanka and Greece ...

TEHRAN, March 16 (Shana) The first working package contract for the field study project on enhanced recovery at the Sorush oil field was signed between Iranian Offshore Oil Company (IOOC) and the Tabriz-based Sahand Technical University. IOOC Managing Director Saeid Hafezi and Sahand University President Rasoul Azari Khosroshahi signed the contract ...

TEHRAN, Dec. 30 (MNA) An IOOC official said a Canadian company has been put in charge of studying the economic justifiability and feasibility to implement the development project of Binaloud oilfield. Head of Technology and Research at Iranian Offshore Oil Company (IOOC) Javad Rostami said IOOC has placed studying over this field on agenda adding ...

TEHRAN, Nov. 14 (Shana) Iran Offshore Oil Company (IOOC) has planned to revive 18 abandoned oil wells to add nearly 18,000b/d to its offshore output. An IOOC official said proposals for conducting appraisal studies on the projects are approved by the company's board of directors. Moshtaqali Gohari said expenses of developing the projects will be ...

TEHRAN Nov. 02 (Shana) A topside destined for Phase 19 of South Pars gas field in southern Iran has been lifted for delivery and will be installed in its designated spot in Persian Gulf waters within the next 10 days, operator of the phase said. Masoud Jazayeri, an official at Iranian Offshore Engineering Company (IOOC), said construction of phase ...

TEHRAN Oct. 7 (Shana) - An official in the Iranian Offshore Oil Company (IOOC) has called for participation of foreign firms in managing health, safety, and environment (HSE) issues of the platforms. HSE is an imported concept and it can be delegated on a pilot basis to a competent foreign company, said Iman Shirianpour, IOOC director of HSE. In ...

TEHRAN April 08(Shana)--Iranian Offshore Oil Company (IOOC) expects to attract between $15 billion and $20 billion in investment in the current calendar year which started on March 21, IOOC manager said. Saeed Hafezi said reparation of 40 wells and drilling of 15 wells are to be put to tender on EPDF basis. He said that Iranian contractors can bid ...