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    The Iranian Central Oil Fields Company (ICOFC) is one of five major subsidiaries of the National Iranian Oil Company (NIOC). ICOFC has introduced 23 upstream and mid-stream projects, valued at $5.5 billion, for potential Iranian and foreign investors.
  •  SZOGPC supplies 50 bcm of gas in 10 Months

    SZOGPC supplies 50 bcm of gas in 10 Months

    The managing director of South Zagros Oil and Gas Production Company (SZOGPC) said his company has produced 50 billion cubic meters of natural gas since March 2017, beginning of the current Iranian calendar year.
  •  Iran to hold Oil tenders for $5b Projects in 2018: NIOC

    Iran to hold Oil tenders for $5b Projects in 2018: NIOC

    The National Iranian Oil Company (NIOC) says it will hold tenders for developing $5 billion worth of oil and gas projects in Iran during the new calendar year beginning on March 21.
  • Iran Ready to send Gas to Neighbors

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    Iran is ready to start gas flow to its neighbors and boost exports to current customers, a senior Iranian gas official said.
  •  $500mn Envisaged in Dey, Sefid Zakhour

    $500mn Envisaged in Dey, Sefid Zakhour

    The Dey and Sefid Zakhour fields in Iran are among newly discovered gas reservoirs. The close distance between the two fields has led officials to consider their development together.


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Iran-Russia Ink MoU on Oil, Energy Coop.

Iran Takes Key Role in Providing World Energy Security

Danish Energy Companies to Invest in South Pars Gas Field

Tehran Ready for Energy Cooperation with Moscow

Iran, Finland Discuss Energy Cooperation

Iran, China Underline Cooperation in Renewable Energies

Italian Companies to Sign MoU with Iran for Green Energy Cooperation

Iran, Safest Persian Gulf State for Energy Investment: Official

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Iran, Japan to Cooperate on Energy Efficiency

Iran, Algeria Poised to Enhance Energy Ties

Iran Can Become Region’s Energy Hub: NITC

 Tehran Ready to Form Energy JV with Jakarta

Lucrative Market Open for Private Investors in Iran Energy Sector

Iran, Sweden Eager to Expand Energy Cooperation

Iran, South Africa to Sign Energy MoU

Tehran, Stockholm to Discus Energy Co-op

Head of Italian Energy Giants Meet Iran's Zangeneh

Iran, India Keen to Set up Long-term Energy Joint Ventures

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Iran, Ukraine Ink Energy Coop. Deal

Iran ready to sign $20bn oil deal

Development Projects to Continue Despite of $18 p/b Oil

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French Firm to Help RIPI Develop ICOFC Gas Field

The Research Institute of Petroleum Industry signed a memorandum of understanding with Beicip-Franlab to draw on the French company"s expertise to develop Homa Gas Field in the south of Fars Province, the head of Reservoir Studies and Field Development Department of RIPI announced.

The agreement was signed in the presence of Jean Burrus, chairman and CEO of Beicip-Franlab, Jafar Tofiqi, the head of RIPI, Mansour Bazmi, RIPI"s deputy director for technology and international relations, and Touraj Behrouz, the head of RIPI"s department in Tehran, on Wednesday, ISNA reported.

"The French petroleum consultancy firm will provide RIPI with best-in-class consultancy and software solutions in geophysics processing, exploration, reservoir and field development as well as production optimization and process optimization techniques," Behrouz said on the sidelines of the signing ceremony.

According to the official, RIPI and the Iranian Central Oil Fields Company have been tasked with developing Homa Gas Field, but because the hydrocarbon reservoir is fractured and produces water, the two firms decided to collaborate with a foreign partner to address the serious challenge.

Pointing to the importance of technology transfer to maximize output level from the massive oil and gas reserves, the official added that the MoU was concluded in line with policies to enhance the capabilities of domestic experts.

Stressing that the French company was chosen from among a list of international enterprises, Behrouz said Beicip-Franlab has approved all technical terms in the deal to offer consulting services, software solutions, technical assistance and advisory services.

"It is not just a mutual cooperation to conduct studies on a gas field," he said, adding that the venture is highly sensitive and all the procedures must be undertaken with high precision so that the field"s water leak can be effectively controlled and a comprehensive plan can be devised to expand the reservoir," he said.

Being located in Fars Province, Homa Gas Field in Parsian operational region managed by South Zagros Oil and Gas Production Company is one of the suppliers of Parsian gas refinery. The field containing 16 wells is equipped with monitoring systems to reduce cost and promote production security and well management.

15:29 - 16/12/2017    /    Number : 12138    /    Show Count : 337

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  • Persian Gulf
  • President of the Islamic Republic of Iran
  • Leader of the Islamic Republic of Iran
  • ICOFC Projects Up for Grabs by Investors
    The Iranian Central Oil Fields Company (ICOFC) has pitched a new investment package worth over $5.5b to potential investors.

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  • South Zagros Oil & Gas Production Company to Supply 220m cm/d Gas
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