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