NISOCNational Iranian South Oil Company
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An NISOC official, Abdollah Mousavi, said the company is ready to offer 240 well-drilling projects within the framework of Engineering Procurement Construction and Financing (EPCF) contracts in this regard, the press office of NISOC, reported.
Bijan Alipour, in a talk with the reporter of the National Iranian Oil Company's Information Service, said that NISOC is open to contractors keen on participating and investing in upstream projects of the oil industry along with financing.
NISOC is currently operating 45 small and massive oilfields in Iran's southern areas.
NISOC, a subsidiary of the state-run National Iranian Oil Company (NIOC), accounts for three million barrels per day of crude oil.
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.
As the biggest NIOC subsidiary, NISOC output accounts for 80% of total domestic production.
Toranjzard said the discarding and financial saving had followed sorting and checking of all the goods and equipment available in the NISOC stores.
The final and amended version of the NISOC contract framework, compiled on Petroleum Minister's order for development of four oilfields, including nine reservoirs and confirmed by the Board of Managers of National Iranian Oil Company (NIOC), will guarantee national interests.
3D seismic imaging of Ahvaz oilfield was started at National Iranian South Oil Company (NISOC) on Saturday (7 January 2012) in the presence of managing director of NISOC Hormoz Ghalavand, managing director of Karoon Oil & Gas Production Company (KOGPC), and managing director of Dana Geophysics Company.
Hormoz Qalavand, managing director of NISOC, stated earlier that his firm had generated 460 million barrels of oil from March onwards.
The NISOC official said daily collection of 42 million cubic meters of associated gas in Khouzestan and defining 13 projects, costing 7500 billion rials, to manage seven million cubic meters of associated gas are among other programs of the NISOC.
He noted that for the time being, 70 percent of the NISOC oil project equipment and items are indigenized.