Transcript Slide 1

NIOC Investment Opportunities in Oil
and Gas Upstream, Midstream&
Downstream
Introduction
 The growing energy market in recent years indicates that the energy
future is unsustainable and needs more attention by suppliers and
consumers,
 Energy security could not be materialized without suppliers and
consumers cooperation.
 Required financial sources can not be provided only by producing
countries.
 The I.R. of Iran should play an even more important role to fulfill
global energy needs in the future.
 This report presents you the important factors can be attract your
attention.
NIOC Main Policies
Human resources & knowledge development
Creating computational environment through privatization and
deregulation
Iran’s role improvement in energy markets & international
interactions as a supplier
O il & gas activities commercialization
Utilization of Iranian’ geo energy advantages
Affecting Factors on NIOC’s planning
1- Increasing exploration activities in all regions of the
country (top priority in joint fields);
2- Increasing development activities in oil and gas fields
(top priority of NIOC is respectively joint fields, brown
fields and then green fields development);
3- Increasing recovery factors of oil and gas fields;
Breakdown of in-place Hydrocarbons Reserves in Iran
(Year 2008)
Total :
oil equivalent
Breakdown of Recoverable Hydrocarbons Reserves in Iran
(Year 2008)
Gas : TCM
Liquid : MMBBLs
Recoverable Exploration of Oil & Gas Plan
(2009-2024)
Oil:bn bbl
Gas: bcm
Project
Exploration of Oil &
Gas (Onshore &
Offshore) including
Persian Gulf
2009
2014
2019
2024
Oil
500
500
400
300
Gas
120
141
173
210
Oil
200
200
150
100
Gas
20
20
20
20
Caspian Sea
Exploration
Crude Oil Production Plan
(2009-2024)
9
Year
2009
2014
2019
2024
Total
4.4
5.3
5.1
4.2
Crude Oil Production Plan Including IOR/EOR
(2009-2024)
6.0
5.0
4.0
MMBBL/d
3.0
2.0
1.0
0.0
Oil Production using IOR&EOR
OIL production
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
0
0
0
0
0
0
0
0.1
0.2
0.3
0.4
0.6
0.7
0.9
1.1
1.3
4.4
4.8
4.8
5.1
5.3
5.3
5.5
5.4
5.3
5.2
5.1
4.9
4.8
4.6
4.4
4.2
Oil Production using IOR&EOR
10
OIL production
Prediction of Crude Oil Supply and Demand Balance
(2009- 2024)
MMbbl/d
Title
2009
2014
2019
2024
Average Crude Oil Production
(planned)
4.4
5.3
5.1
4.2
Average Crude Oil Production
(using IOR/EOR)
0
0.2
0.4
1.3
Total Refinery Feed
1.6
2.5
2.5
2.7
Total Export
(Direct & Buy Back)
2.8
2.8
2.6
1.5
Demand:
Rich Gas Production Plan
(2009-2024)
Year
2009
2014
2019
2024
Total
719
1509
1754
1820
New Exploration and Development Projects (E&D)
No
Project Title Location
Type &Location
Tender
Documents
Price (Euro)
Minimum Exploration
Expenditure
(Milion Euro)
1
Kalat Block
Onshore
15.000
22.0
2
Quchan Block
Onshore
15.000
22.0
3
Naft Shahr Block
Onshore
27.000
22.0
4
Ilam Block
Onshore
27.000
21.0
6
Fasa Block
Onshore
15.000
21.0
7
Bandar Abbas Block
Onshore
30.000
22.0
8
Raz Block
Onshore
12.000
22.0
9
Maraveh Tapeh Block
Onshore
12.000
23.5
10
Moghan Block1
Onshore
19.000
28.0
11
Kavir Block
Onshore
8.000
05.0
12
Alvand Block
Offshore-Persian Gulf
38.000
34.0
13
Laleh Block
Offshore-Persian Gulf
38.000
37.0
14
Taban Block
Offshore-Persian Gulf
38.000
37.0
Development Plans of Oil and Gas
(2005 – 2024)(1)
Exploration:
 Exploration of new oil fields : 500 million barrels/year
 Exploration of new gas fields : 150 BCM/year
* exploration and development of 17 new blocks (12 onshore and
5 offshore)
Onshore Fields:
Oil
 Development of 28 oil fields
 Development of possible gas fields from new exploration
activities (onshore)
Gas
 Development of 14 gas fields
 Development of gas formations of more than 10 oil fields
 Development of possible gas fields from new exploration
activities (onshore)
Development Plans of Oil and Gas
(2005 – 2024)(2)
Production of Oil and Gas
Offshore Fields:
Oil
 Development of 7 oil fields
 Development of possible oil fields from exploration blocks
 Development and gas injection in two oil field
Gas
 Development of 15 gas fields
 development of at least 16 new standard phases of South Pars
gas field
 Development of possible gas fields from exploration activities
(offshore)
Gas and Water Injection Plan
(2009 - 2024)
Gas: MMcm/d
Water: Mbbl/d
Injection
2009
2014
2019
2024
Gas
177
271
265
238
Water
650
650
650
650
Investment priorities in oil and gas upstream activities
Common oil & gas fields
Brown oil & gas fields:
─Production capacity maintenance
─More development
─Secondary oil recovery (gas & water injection)
Green oil & gas fields
Technological challenges in oil & gas upstream
Deep – water oil fields (e.g. Caspian Sea)
Non- conventional oil fields (e.g. Ferdowsi oil field)
Very heavy oil fields (e.g. Yadavaran)
Transfer of New technologies
Upstream projects
Main Upstream Projects –Ultra Heavy Oil Fields
Name
Kohe Mond
Zagheh
Ferdowsi
No of Well
8 well
first well: 1311
2 well
first well : 1371
2well
first well : 1344
Geographic
Position
Oil in Place
80 KM to
Boushehr
6.63* 109 BBL
South- west of the
country
1.729 *109 BBL
Central of Persian
Golf
Crude Oil: 31* 109
BBL
Gas : 6.1 10 12 F3
Oil
Recovery
871.5*106 BBL
268.5*106 BBL
2250*106 BBL
API Gravity
Jahrom-8-10 API
Sarvak 10-12
API
14 API
6-16 API
Main Upstream Projects –Oil Fields
No of
Well
Geographic
Position
Boushkan
1 Well
1342
Boushehr
Koh Kaki
Name
Oil in Place
Oil Recovery
API Gravity
100 Km to south –
east of Shiraz
26 *10 6 BBL
7.7 *10 6 BBL
23.6 API
1 Well
1342
50 Km to south –
east of Khark
13 *10 6 BBL
3.9 *10 6 BBL
1 Well
1352
40 Km to North –
Asmari:371
Sarvak:374*10 6 BBL
Asmari:23.1
Sarvak:27*10 6 BBL
Asmari:28.3
Sarvak:25API
Alborz
14 Well
first-1335
West of Central
aria of Iran
155.6*10 6 BBL
38.9 *10 6 BBL
36 API
North of
Azadegan
2 Well
first-1378
80 Km to west of
Ahvaz
6421 *10 6 BBL
404*10 6 BBL
East Asaloyeh
1 Well
1386
At Persian Golf
419.5 *10 6 BBL
47.32 *10 6 BBL
42 API
2 Well
fIrst: 1358
At state of Ilam
2451*10 6 BBL
196*10 6 BBL
34-35 API
Azar
East of Kohemond
near Asaloyeh Port
Main Upstream Projects –Oil Fields
Name
No of
Well
Bande Karkhe 1 well
1381
Geographic
Position
At dezful –
Khoozestan
Province
Oil in Place
Oil Recovery
API Gravity
Oil: 1531*10 6 BBL
Oil: 199*10 6 BBL
24 API
Oil: 147*10 6 BBL
Gas : 4.19*10 12 ft3
Oil:29.3 API
Oil: 184.5*10 6 BBL
23 API
Balal
3 well
First: 1346
At Persian Golf Oil: 580*10 6 BBL
50 miles to
Gas : 6.25*10 12 ft3
Lavan Island
Changooleh
2 well
First : 1341
At Elam
province –
border of Irag
Oil: 1230*10 6 BBL
Main Upstream Projects – Gas Fields- On Shore
Name
No of Well
Geographic Position
Gas in Place
Gas Recovery
Kabir Kooh
1 Well
1353
At Lorestan state
21*10 12F3
5.46*10 12F3
Asaloyeh
2 Well
Firrst:1365
At Persian Golf- east of
Kangan
2.878*10 12F3
2.087*10 12F3
Salakh
5 Well
Gheshm Island
1.668*10 12F3
1.167*10 12F3
Mokhtar
1 Well
1369
North-East of Yasoj
4.9*10 12F3
2.65*10 12F3
Babaghir
2 Well
Firrst:1352
42 Km to Gilanegharb
1.45*10 12F3
1*10 12F3
Soro
2 Well
Firrst:1352
15 Km to Bandarabbas
1.2*10 12F3
0.89*10 12F3
Dey
1 Well
1378
140 Km to South of
Shiraz
3.669*10 12F3
2.752*10 12F3
Gordan
2 Well
Firrst:1357
135 Km to South – west
of Shiraz
3.983*10 12F3
3.067*1012F3
Main Upstream Projects – Gas Fields- Off Shore
Name
No of Well
Geographic Position
Gas in Place
Gas Recovery
More than 100
First: 1342
At Persian Golf – border 559.1*10 12Ft3
of Gatar
452.7*10 12Ft3
2 Well
1345
At Persian Golf – border 21.9*10 12Ft3
of Saudi Arabia
15.6*10 12Ft3
70 Km to west of
Bandarabbas
5.156*10 12Ft3
4.056*10 12Ft3
South - Gashow
4 Well
First: 1355
At Persian Golf nera
Lavan Island
47.360*10 12Ft3
35.543*10 12Ft3
Kish
2 Well
first 1347
South Pars Gas
Field
Fazad B- Farsi
Arash
At Persian Golf -border
of Iran, Kuwait And
Saudi Arabia
Midstream projects
Gas Export Projects by Pipeline
(2005 – 2024) (1)
Max. Delivery
(MMcm/d)
Start Year
27.4
2001
4
2007
United Arab Emirates
(Crescent)
12.3
-
Kuwait
8.6
2011
Oman
28
2011
Bahrain
28
2012
Country
Turkey
Armenia
Gas Export Projects by Pipeline
(2009 - 2024) (2(
Max. Delivery
(MMcm/d)
Start Year
Pakistan
30
2014
India
30
2014
Syria
2.3
2010
Europe
50
2010
Country
Liquefied Natural Gas projects
(2009-2024)
IRAN-LNG:
Capacity 10.7 MMt/y(54 MMcm/d)
Persian-LNG:
Capacity 16.2 MMt/y(78 MMcm/d)
Pars-LNG :
Capacity 10 MMt/y (54 MMcm/d)
CNOOC-China:
Capacity 20 MMt/y(113 MMcm/d)
SKS-Malaysia:
Capacity 10 MMt/y(57 MMcm/d)
Total:
Capacity 66.9MMt/y(356MMcm/d)
Other Projects
CDM Projects
(Clean Development Mechanism)
The Most Important CDM Projects of NISOC
No.
Project
Associated
Gas
(MMcf/d)
1
BINAK
2
Costs
MMUSD
Finish
year
Location
Project Status
13
30
2004
Khoozestan
100% Completed
RAMSHIR
4
5.5
2004
Khoozestan
100% Completed
3
AMAK
241
531
2006
Khoozestan
~ 99% Completed
4
GHALE
NAR
11
30
2009
Khoozestan
~ 30% Completed
5
NARGESI
19
40
2007
Khoozestan
80% Completed
6
LAB SEFID
18
40
2009
Khoozestan
In Tender
7
HAFT
SHAHIDAN
34
50
2010
Khoozestan
Basic Engineering
Tot.
-
340
726.5
-
The Most Important CDM Projects of IOOC
Costs
No
Project
Associated
Gas
(MMcf/d)
1
KHARG &
BAHREGA
N
541
2182
2012
Persian Gulf ~ 30% Completed
2
SIRI
132
525
2009
Persian Gulf ~ 60% Completed
3
Reshadat
25
763
2010
Persian Gulf ~ 20% Completed
4
Hangam
45
488
2009
Persian Gulf ~ 80% Completed
Tot
.
-
673
2707
-
MMUS
D
Finish
year
Location
Project Status
The Most Important CDM Projects of ICOFC
No.
Project
1
CHESHME
KHOSH
Costs
Associate
Finish
d Gas
MMUS year
(MMcf/d)
D
Location
Project Status
2009
Kermansha
h
Basic Design
2
Paydar &
Paydar e
Gharb
2009
Kermansha
h
Basic Design
3
Dehloran
2009
Kermansha
h
Basic Design
4
Serkan &
Malekou
2009
Kermansha
h
Basic Design
5
Khesht
2009
Kermansha
h
Basic Design
6
Sarvestan &
Saadat Abad
2009
Kermansha
h
Basic Design
7
Naft Shahr
2009
Kermansha
h
Basic Design
Tot.
-
110
110
280
280
NIOC Oil and Gas Investment
(2010-2014)
Buy Back oil projects
18.7 bn$
Buy Back gas projects & consumption optimization
40.48 bn$
Finance
31.39 bn$
Total
90.77bn$
Internal financial sources
63.98 bn$
(NIOC own investment)
Grand Total
154.74 bn$
Financial
Requirement
Thank you