NISOC

AcronymDefinition
NISOCNational Iranian South Oil Company
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NISOC, a subsidiary of the state-run National Iranian Oil Company (NIOC), accounts for three million barrels per day of crude oil.
After the mandatory drop in the country's output imposed by the draconian sanctions, NISOC has maintained production, refining and maintenance of its facilities in order to keep its output intact," he added.
750 oil output preservation projects are operated by NISOC, 12 of which are scheduled to come on-stream by the end of the current Iranian calendar year in March 2013.
Drilling deputy at NISOC Mohammad Mahdi Zarei said of the spudded wells during the period were 90,000m development and 10,000 meters workover wells.
Zarei said 51 drilling rigs are operating by NISOC in various energy fields of the country, adding the company has undertaken 293 coiled tubing operations on oil and gas wells in the current calendar year.
As the biggest NIOC subsidiary, NISOC output accounts for 80% of total domestic production.
NISOC constitutes 80 percent of the nation's net oil and 16 percent of its gas output.
Ee Up to now the project has made progress by 60 percent and upon completion will raise processing capacity of NISOC by 220 thousand barrels per day.
NISOC comprises 9 companies including 5 exploitation and 4 technical and expertise oil and gas companies and covers oil and gas fields in Kohkiloyeh and Bovair Ahamad, Fars and Bushehr provinces in an area above 400 thousand square kilometers.
The official said that NISOC is currently producing oil and gas valued at 190 trillion rials.
Bovard said five desalting plants are also envisaged in southern Iran, adding that NISOC is investing three to five billion dollars in its projects every year.
It was signed between NISOC and Gohar Saram Company for the supply of 120 tons.