{"id":2081,"date":"2017-12-04T21:00:24","date_gmt":"2017-12-04T22:00:24","guid":{"rendered":"http:\/\/madaresharghi.com\/nisoc-inks-oil-recovery-mous\/"},"modified":"2017-12-04T21:00:24","modified_gmt":"2017-12-04T22:00:24","slug":"nisoc-inks-oil-recovery-mous","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/nisoc-inks-oil-recovery-mous\/","title":{"rendered":"NISOC Inks Oil Recovery MoUs"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tState-owned National Iranian South Oil Company has signed five memoranda of understanding with domestic scientific centers for research on increasing the recovery rate of oilfields.<br \/> \tThe signing ceremony was held in Ahvaz, Khuzestan Province, last week on the sidelines of a local exhibition on research and technology, the NIOC\u2019s official news website reported.<br \/> \tBijan Alipour, managing director of NISOC, and officials from the University of Tehran and Iran\u2019s Research Institute of Petroleum Industry signed the agreements.<br \/> \tThe MoUs are aimed at conducting technical geological surveys, formulating plans to cut down on operating expenses and anticipating potential bottlenecks in extraction from Marun and Kopal oilfields in Khuzestan Province as well as Gachsaran in the nearby Kohgilouyeh-Boyerahmad province.<br \/> \tBaqer Pourqasem, a senior official at NISOC, said the basic agreements are worth 45 billion rials, or roughly $1.1 million.<br \/> \tUnderlining efforts to raise extraction rate at oilfields as a top priority, Pourqasem said NISOC aims to make inroads in enhanced oil recovery and improved oil recovery methods.<br \/> \tIran holds some 700 billion barrels of oil with a recovery factor of nearly 25%. Recovery factor is the ratio of technically and economically recoverable reserves to the total amount of oil in a reservoir. Reportedly, a 1% increase in recovery rate will translate into 7 billion barrels of crude oil. This will bring in more than $280 billion in revenues with oil priced at $40 per barrel.<br \/> \tThe recovery factor in Iranian oilfields ranges between 5% and 60%.<br \/> \tThree Austrian companies, namely HOT Engineering, SONNEK Engineering and ILF Consulting Engineers, introduced their cutting-edge enhanced oil recovery methods in a conference in Tehran in October.<br \/> \tAccording to Shana, Pars Marine Industries Company organized the First Austrian Technology Transfer Conference for EOR by using treated water.<br \/> \tThe conference discussed strategies to boost the oilfields&#8217; lifespan, cheap oil production on mature oilfields and optimization of the water cycle to improve the reservoir pressure.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi State-owned National Iranian South Oil Company has signed five memoranda of understanding with domestic scientific centers for research on increasing the recovery rate of oilfields. The signing ceremony was held in Ahvaz, Khuzestan Province, last week on the sidelines of a local exhibition on research and technology, the NIOC\u2019s official news website reported. Bijan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NISOC Inks Oil Recovery MoUs - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/nisoc-inks-oil-recovery-mous\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NISOC Inks Oil Recovery MoUs - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi State-owned National Iranian South Oil Company has signed five memoranda of understanding with domestic scientific centers for research on increasing the recovery rate of oilfields. The signing ceremony was held in Ahvaz, Khuzestan Province, last week on the sidelines of a local exhibition on research and technology, the NIOC\u2019s official news website reported. 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