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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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Links
  • 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.

  • New ICOFC Managing Director Appointed
    Ali Kardor, managing director of the National Iranian Oil Company appointed Ramin Hatami as the managing director of the Iranian Central Oil Fields Company replacing Salbali Karimi.

  • South Zagros Oil & Gas Production Company to Supply 220m cm/d Gas
    South Zagros Oil and Gas Exploitation Company (SZOGPC) is ready to increase its gas output and supply about 220 million cubic meters a day to the market to afford domestic need in the cold season of the year.

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