{"id":2356,"date":"2017-12-20T22:52:16","date_gmt":"2017-12-20T23:52:16","guid":{"rendered":"http:\/\/madaresharghi.com\/iranian-firms-in-race-for-southern-oilfields\/"},"modified":"2017-12-20T22:52:16","modified_gmt":"2017-12-20T23:52:16","slug":"iranian-firms-in-race-for-southern-oilfields","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/iranian-firms-in-race-for-southern-oilfields\/","title":{"rendered":"Iranian Firms in Race for Southern Oilfields"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tLocal oil and gas producers look to acquire the rights to develop two oilfields in the southern Khuzestan Province, despite facing competition from foreign energy rivals.<br \/> \tPasargad Energy Development Company (PEDC) has presented its development plan for Shadegan Oilfield and Oil Industries Engineering and Construction Group (OIEC) submitted its proposal for the nearby Sepehr Oilfield, Oil Ministry\u2019s Shana news service reported on Wednesday.<br \/> \tProduction from Shadegan Oilfield, located about 60 kilometers southwest of Ahvaz, is at a rate of 60,000 barrels per day, with plans in place to boost output after three decades of operations.<br \/> \tPEDC is a subsidiary of Pasargad Financial Group, one of the largest Iranian financial and banking services companies. The company has diversified its energy assets since it was founded in 2008, having owned a combined-cycle power plant and acquired stakes in two other power stations.<br \/> \tShadegan has attracted interest from Russia\u2019s Zarubezhneft and Tatneft who are expected to hand in their development plans by the end of this month, as well as energy giant Schlumberger, Persgas consortium and Iran\u2019s Tenco, a subsidiary of Iran\u2019s Khatam-al-Anbiya Construction Group.<br \/> \tLocal companies have also heated up the race for Sepehr Oilfield, a deposit in the West Karoun oil block, with Ghadir Investment Company, engineering conglomerate MAPNA Group and privately-run Dana Energy having signed agreements to study the reservoir alongside state-owned OIEC.<br \/> \tAccording to estimates, Iran needs to spend $500-600 million to tap into the field\u2019s 300 million barrels of proven reserves.<br \/> \tOIEC is seeking other energy projects in the oil-rich region. The company hopes to partner with Russia\u2019s Gazprom Neft to develop two oilfields at the southwestern border with Iraq.<br \/> \tThe oilfields are likely to be developed under a buyback model that has been used in most Iranian energy projects in the past two decades.<br \/> \tTehran has crafted a new contractual framework, known as Iran Petroleum Contract, to develop large-scale upstream projects while buyback deals will be signed for smaller oil and gas deposits.<br \/> \tIran resumed negotiations with international companies to develop its energy industry after economic curbs imposed over its nuclear activities were lifted in January 2016.<br \/> \tIn late 2015, some 50 Iranian oil and gas projects were introduced to foreign companies, with oil officials placing the country\u2019s investment needs in the petroleum industry at around $200 billion.<br \/> \tThe Oil Ministry has given priority to developing shared oil and gas fields, including with Iraq, Qatar, Saudi Arabia, Kuwait and Oman.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Local oil and gas producers look to acquire the rights to develop two oilfields in the southern Khuzestan Province, despite facing competition from foreign energy rivals. Pasargad Energy Development Company (PEDC) has presented its development plan for Shadegan Oilfield and Oil Industries Engineering and Construction Group (OIEC) submitted its proposal for the nearby Sepehr [&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>Iranian Firms in Race for Southern Oilfields - 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\/iranian-firms-in-race-for-southern-oilfields\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iranian Firms in Race for Southern Oilfields - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Local oil and gas producers look to acquire the rights to develop two oilfields in the southern Khuzestan Province, despite facing competition from foreign energy rivals. Pasargad Energy Development Company (PEDC) has presented its development plan for Shadegan Oilfield and Oil Industries Engineering and Construction Group (OIEC) submitted its proposal for the nearby Sepehr [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/iranian-firms-in-race-for-southern-oilfields\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-20T23:52:16+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/iranian-firms-in-race-for-southern-oilfields\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/iranian-firms-in-race-for-southern-oilfields\/\",\"name\":\"Iranian Firms in Race for Southern Oilfields - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-12-20T23:52:16+00:00\",\"dateModified\":\"2017-12-20T23:52:16+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/iranian-firms-in-race-for-southern-oilfields\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/2356"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=2356"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/2356\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=2356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=2356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=2356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}