Iran Invites Foreign Bids

Monday, March 06, 2006
Iran has invited foreign companies to develop its offshore South Pars gas field, the first such call since President Mahmoud Ahmadinejad took power in August, Iran-Mania.com reported. The Iranian National Oil Company has placed four international tenders for the development of phases 19 to 22 of South Pars, the largest offshore field in the world. Iran has divided the gas field, located on the Iran-Qatar border in the Persian Gulf and shared by the two countries, into 25 phases. The tenders' document said that the most-recent phases will supply 100 million cubic meters (3,500 million cubic feet) per day of natural gas for domestic consumption. They are also expected to supply a minimum of two million tons of ethane gas a year for Iranian petrochemical use, 2.1 million tons of liquefied petroleum gas (LPG) per year and 160,000 barrels of gas condensate a day for export. The contracts will be conducted on a buy-back basis. Investment for each phase has been estimated at between $1.2 and $1.5 billion. (Source: www.iranmania.com)
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Offshore

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Electronics Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1393 sec (7 req/sec)