Transcript Iran Oil and Gas Industry

Oil And Gas Development In Iran
Opportunities For Cooperation
Rokneddin Javadi, CEO
Oil Industries’ Engineering and Construction (OIEC)
Iran Oil and Gas Industry
• Yesterday
– A history of more than a century in petroleum industry:
Iranian oil industry began more than a hundred years ago, when oil was
discovered in Masjed Soleiman for the first time, and it has survived and
developed since then
• Today
– The world’s third-largest proven oil reserves
– The world’s second-largest natural gas reserves
– OPEC’s second-largest oil producer
2
Reserves and Production Overview
• Crude Oil
– The world’s third-largest proven oil reserves
– About 10% of the world's oil reserves
– OPEC’s second-largest oil producer
Crude Oil (2010) – BP Statistical Review June 2011
Proven Oil reserves
137 billion barrels
Oil production
4245 Thousand barrels daily
3
Reserves and Production Overview
• Natural Gas
– The world’s second-largest natural gas reserves
– About 18% of the world's natural gas reserves
Natural Gas (2010) – BP Statistical Review June 2011
Natural gas proved reserves
29.6 trillion cubic meter
Natural gas production
138.5 billion cubic meter
4
Reserves and Production Overview
• Key petroleum sector facilities
South Pars Gas field (as an example)
- One of the largest independent gas reservoirs
in the world
- Lying on the territorial border between Iran and
the State of Qatar in the Persian Gulf
- Covering an area of 9700 square kilometers, of
which 3700 square kilometers belongs to Iran
- The Iranian portion is estimated to contain
some 14 TCM of gas reserves and some 18 bn bl
of gas condensates (roughly 7.5 % of the world
gas reserves)
5
Governmental Structure
• The ministry of Petroleum which is in charge of the oil and gas
industry consists of four major state companies:
Ministry of
Petroleum
National Iranian Oil
Company (NIOC)
National Iranian
Gas Company
(NIGC)
National
Petrochemical
Company (NPC)
National Iranian Oil
Refining and
Distribution
Company (NIORDC)
6
The Developing Industry
• The oil and gas industry is of the most fast-growing sectors in Iran
• Legal requirements have been developed during the recent decade
to support foreign investment and cooperation.
• Significant and well-organized infrastructure facilities as well as
qualified human resources are of the most striking factors that make
Iranian oil and gas industry more attractive.
• Iranian EPC companies, with the experience of developing national
giant projects can be good partners to cooperate with.
7
Development Plan Targets
• Oil and Gas Sector in Iran’s approved five years development plan
(2011-2015)
– Total oil industry required investment: US Dollars 250 Billion
– Number of projects with priority to be implemented: 360
– Upstream required investment: US Dollars 150 billion (US Dollars 30
billion each year)
– Total investment carried out in 2011: US Dollars 22 billion
– Investment plan for the year 2012: US Dollars 30 billion
– Total increase in oil production capacity: 1 MM bbl/d
– Total increase in natural gas production capacity: 250 MM SCMD
8
Some of NIOC's Production Goals
• To increase the crude oil production capacity from some 4.4 million
barrels per day in 2008 to 5.1 million barrels per day in 2014
• To increase the natural gas production capacity from 552 million
cubic meters per day in 2008 to 1,111 million cubic meters per day in
2014
• To increase the condensate production capacity from some 283,000
barrels per day in 2008 to some 748,000 barrels per day in 2014
• To increase the NGL production capacity and oil from some 160,000
barrels per day in 2008 to 337,000 barrels per day in 2014
9
Iran Oil and Gas Opportunities
•
Having huge hydrocarbon reserves, there are significant opportunities
in the sector:
– Oil and gas fields development projects (preference is given to shared
fields)
– Gas fields development (preference is given to early-returns fields)
– Oil fields development (preference is given to early production)
– Oil and Gas Exploration blocks projects
– Construction of gas production facilities, new gas and NGL plants
– Crude oil export pipelines and pumping stations
– Gas liquefaction and sweetening projects
– Construction of crude oil storage tanks and required pipelines
10
Opportunities for Russian Companies
•
Russian companies are of the best candidates to cooperate in Iran oil
and gas industry due to strong economic relations between the two
countries and previous experiences
•
The areas of EPC development projects and also joint investments by
Iranian and Russian companies consist of:
– exploration, development and production of oil and gas
– Construction of gas pipeline for Iranian export gas purposes
– Construction of oil refineries and petrochemical complexes for internal
consumption and export purposes
– Underground natural gas storage
11
Opportunities for Russian Companies
• There are also other great opportunities:
– Transfer of technology and technical support and assistance
– Financing of Iranian projects
12
Oil Industries Engineering and Construction (OIEC)
•
OIEC: The leading Iranian EPC contractor in oil, gas and petrochemical
industry
– 25 years of professional and successful experience
– Capable of undertaking projects from conceptual design through
engineering, procurement, construction, commissioning and operation
– Current projects load of over 10 Billion USD
– Executing more than 140 projects
– Close to 300 million man-hours of work so far
– Over 2500 staff
– Several subsidiaries, each a leading expert in their own field
13
Oil Industries Engineering and Construction (OIEC)
• Downstream
– Design and construction of
• Oil and gas refineries
• Various petrochemical complexes
• Gas gathering and NGL recovery plants
– Oil and gas plants revamping and refurbishing
• Upstream
– Development and Production of oil and gas fields
– Marketing and sale of crude oil
14
Thank You For Your Attention
Oil Industries’ Engineering and Construction (OIEC)