IOEC to commission four platforms for South Pars phases 17, 18

Iranian Offshore Engineering and Construction Co. (IOEC) plans four satellite platforms for phases 17 and 18 of the South Pars gas field development in the Persian Gulf.

May 26th, 2015

Offshore staff

TEHRAN, Iran – Iranian Offshore Engineering and Construction Co. (IOEC) plans four satellite platforms for phases 17 and 18 of the South Pars gas field development in the Persian Gulf.

IOEC head Gholam-Reza Manouchehri told news service Shana the platforms would have combined process capacity for 2 bcf/d of gas. Iranian Marine Industrial Co. will likely build all four.

In a separate development, Iran plans to put out to tender 17 oil and gas blocks as it prepares to unveil a new petroleum contract.

Hormuz Qalavand, director of exploration at National Iranian Oil Co. (NIOC), said his organization had been discussing proposals with various companies in Europe.

The new model would be a replacement for Iran’s former “buyback” arrangement, under which the government agrees to pay the contractor an agreed price for all volumes of hydrocarbons the contractor produces.

With the new proposals, NIOC would be free to form joint ventures for crude oil and gas production with international companies which would be paid a share of the resultant output.

05/26/2015

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