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 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 ...

India is in fresh talks with Iran after getting the green-light for $3 billion development of the Farzad B gas field in the Persian Gulf, an official says. A consortium, led by ONGC Videsh, is determined to develop the field in order to produce one billion cubic feet of natural gas a day in the first phase, head of the Iranian Offshore Oil Company ...

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 ...

[caption id="attachment_105670" align="alignright" width="211"] An Iranian oil tanker (file photo)[/caption] Iran says falling oil prices have had no effects on its offshore crude oil production projects. Saeid Hafezi, the managing director of the Iranian Offshore Oil Company (IOOC), has emphasized that Iran currently has no oil without a client ...

TEHRAN Sept 24 (Shana)--The National Development Fund of Iran (NDFI) is to be tapped for the development and completion of Kharg NGL project, managing-director of Iranian Offshore Oil Company said. Saeed Hafezi said $600 million is to be allocated to the project which is now 47% complete. He said the project needs a total of $1.2 billion, adding ...

TEHRAN Sep. (Shana)--Iran is to dip into the National Development Fund of Iran (NDFI) for financing an NGL project in the Kharg island, the head of Iranian Offshore Oil Company (IOOC) said. Saeed Hafezi said NDFI is to be tapped for 600 million dollars to serve the project which is forecasted to cost 1.2 billion dollars. He said that the NGL plant,...

TEHRAN Jan 27 (Shana): Production from Reshadat oil field has increased to 15,000 b/d as its early production plan comes on-stream, the managing-director of Iranian Offshore Oil Company announced. Saeed Hafezi said Reshadat output is projected to reach 18,000 b/d soon as electrical energy is being produced continuously in the offshore platforms of ...

TEHRAN Jan 13 (Shana): Irans newly discovered oil and gas fields in the Persian Gulf have the capacity to attract more than 15 billion dollars in investment, managing director of Irans Offshore Oil Company (IOOC) said. Speaking to Shana, Saeed Hafezi further noted that in addition to gas, more than 410 thousand barrels of water are being injected ...

TEHRAN (FNA)- The new managing-director of the Iranian Offshore Oil Company (IOOC) underscored the need for the development of the hydrocarbon fields that Iran shares with the neighboring countries. Taking advantage of the capabilities of knowledge-based companies will help enhance the recovery rate and productivity, Saeed Hafezi said. He said ...

TEHRAN Oct 23 (Shana): The new managing-director of Iranian Offshore Oil Company (IOOC) has underscored the need for the development of hydrocarbon fields Iran shares with neighboring countries. Taking advantage of the capabilities of knowledge-based companies will help enhance the recovery rate and productivity, Saeed Hafezi said on Tuesday. He ...