nioc investment opportunities in oil and gas upstream, midstream& downstream
TRANSCRIPT
NIOC Investment Opportunities
in Oil and Gas Upstream,
Midstream& Downstream
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.
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
NIOC Main Policies
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;
Affecting Factors on NIOC’s planning
Breakdown of in-place Hydrocarbons Reserves in Iran(Year 2008)
Total : oil equivalent
Breakdown of Recoverable Hydrocarbons Reserves in Iran(Year 2008)
Gas : TCMLiquid : MMBBLs
Project2009201420192024
Exploration of Oil & Gas (Onshore & Offshore) including Persian Gulf
Oil500500400300
Gas120141173210
Caspian Sea Exploration
Oil200200150100
Gas20202020
Oil:bn bblGas: bcm
Recoverable Exploration of Oil & Gas Plan )2009-2024(
9
Crude Oil Production Plan(2009-2024)
Year2009201420192024
Total4.45.35.14.2
10
Crude Oil Production Plan Including IOR/EOR(2009-2024)
Title2009201420192024
Average Crude Oil Production(planned)
4.45.35.14.2
Average Crude Oil Production(using IOR/EOR)
00.20.41.3
DemandDemand::
Total Refinery Feed1.62.52.52.7
Total Export (Direct & Buy Back)
2.82.82.61.5
Prediction of Crude Oil Supply and Demand Balance(2009- 2024)
MMbbl/dMMbbl/d
Rich Gas Production Plan
(2009-2024)
Year2009201420192024
Total719150917541820
New Exploration and Development Projects (E&D)New Exploration and Development Projects (E&D)
Minimum Exploration
Expenditure
(Milion Euro)
Tender
Documents
Price (Euro)
Type &Location Project Title Location No
22.0 15.000 Onshore Kalat Block 1
22.0 15.000 Onshore Quchan Block 2
22.0 27.000 Onshore Naft Shahr Block 3
21.0 27.000 Onshore Ilam Block 4
21.0 15.000 Onshore Fasa Block 6
22.0 30.000 Onshore Bandar Abbas Block 7
22.0 12.000 Onshore Raz Block 8
23.5 12.000 Onshore Maraveh Tapeh Block 9
28.0 19.000 Onshore Moghan Block1 10
05.0 8.000 Onshore Kavir Block 11
34.0 38.000 Offshore-Persian Gulf Alvand Block 12
37.0 38.000 Offshore-Persian Gulf Laleh Block 13
37.0 38.000 Offshore-Persian Gulf Taban Block 14
Development Plans of Oil and Gas (2005 – 2024)(1)
Exploration:Exploration: Exploration of new oil fields : 500 million barrels/year Exploration of new oil fields : 500 million barrels/year Exploration of new gas fields : 150 BCM/yearExploration of new gas fields : 150 BCM/year* * exploration and development of 17 new blocks (12 onshore and 5 offshore)
Onshore Fields:Onshore Fields:OilOil Development of 28 oil fieldsDevelopment of 28 oil fieldsDevelopment of possible gas fields from new exploration Development of possible gas fields from new exploration activities (onshore)activities (onshore)
GasGas Development of 14 gas fieldsDevelopment of 14 gas fields Development of gas formations of more than 10 oil fieldsDevelopment of gas formations of more than 10 oil fields Development of possible gas fields from new exploration Development of possible gas fields from new exploration activities (onshore) activities (onshore)
Production of Oil and Gas
Offshore Fields:Offshore Fields:
OilOil
Development of 7 oil fieldsDevelopment of 7 oil fields
Development of possible oil fields from exploration blocksDevelopment of possible oil fields from exploration blocks
Development and gas injection in two oil fieldDevelopment and gas injection in two oil field
GasGas
Development of 15 gas fieldsDevelopment of 15 gas fields
development of at least 16 new standard phases of South Pars development of at least 16 new standard phases of South Pars
gas fieldgas field
Development of possible gas fields from exploration activities Development of possible gas fields from exploration activities
(offshore)(offshore)
Development Plans of Oil and Gas (2005 – 2024)(2)
Injection2009201420192024
Gas177271265238
Water650650650650
Gas and Water Injection Plan
(2009 - 2024)
Gas: MMcm/dGas: MMcm/dWater: Mbbl/dWater: Mbbl/d
Common oil & gas fields
Brown oil & gas fields:
─Production capacity maintenance
─More development
─Secondary oil recovery (gas & water injection)
Green oil & gas fields
Investment priorities in oil and gas upstream activities
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
Technological challenges in oil & gas upstream
Upstream projectsUpstream projects
Main Upstream Projects –Ultra Heavy Oil Fields
NameNo of WellGeographic
PositionOil in Place
Oil Recovery
API Gravity
Kohe Mond8 wellfirst well: 1311
80 KM to Boushehr6.63* 109 BBL871.5*106 BBL
Jahrom-8-10 APISarvak 10-12 API
Zagheh2 well first well : 1371
South- west of the country1.729 *109 BBL
268.5*106 BBL14 API
Ferdowsi2well first well : 1344
Central of Persian Golf
Crude Oil: 31* 109
BBL
Gas : 6.1 10 12 F32250*106 BBL
6-16 API
Main Upstream Projects –Oil Fields
NameNo of Well
Geographic Position
Oil in PlaceOil RecoveryAPI Gravity
Boushkan1 Well1342
100 Km to south – east of Shiraz
26 *10 6 BBL7.7 *10 6 BBL23.6 API
Boushehr1 Well1342
50 Km to south – east of Khark
13 *10 6 BBL3.9 *10 6 BBL
Koh Kaki1 Well1352
40 Km to North – East of Kohemond
Asmari:371 Sarvak:374*10 6 BBL
Asmari:23.1 Sarvak:27*10 6 BBL
Asmari:28.3 Sarvak:25API
Alborz14 Well first-1335
West of Central aria of Iran
155.6*10 6 BBL38.9 *10 6 BBL36 API
North of Azadegan
2 Well first-1378
80 Km to west of Ahvaz
6421 *10 6 BBL404*10 6 BBL
East Asaloyeh1 Well1386
At Persian Golf near Asaloyeh Port
419.5 *10 6 BBL47.32 *10 6 BBL42 API
Azar2 WellfIrst: 1358
At state of Ilam2451*10 6 BBL196*10 6 BBL34-35 API
Main Upstream Projects –Oil Fields
NameNo of Well
Geographic Position
Oil in PlaceOil RecoveryAPI Gravity
Bande Karkhe1 well1381
At dezful – Khoozestan Province
Oil: 1531*10 6 BBLOil: 199*10 6 BBL24 API
Balal3 wellFirst: 1346
At Persian Golf 50 miles to Lavan Island
Oil: 580*10 6 BBLGas : 6.25*10 12 ft3
Oil: 147*10 6 BBLGas : 4.19*10 12 ft3
Oil:29.3 API
Changooleh2 wellFirst : 1341
At Elam province – border of Irag
Oil: 1230*10 6 BBLOil: 184.5*10 6 BBL23 API
Main Upstream Projects – Gas Fields- On Shore
NameNo of WellGeographic Position Gas in PlaceGas Recovery
Kabir Kooh1 Well1353
At Lorestan state21*10 12F35.46*10 12F3
Asaloyeh2 WellFirrst:1365
At Persian Golf- east of Kangan
2.878*10 12F32.087*10 12F3
Salakh5 WellGheshm Island1.668*10 12F31.167*10 12F3
Mokhtar1 Well1369
North-East of Yasoj4.9*10 12F32.65*10 12F3
Babaghir2 WellFirrst:1352
42 Km to Gilanegharb1.45*10 12F31*10 12F3
Soro2 WellFirrst:1352
15 Km to Bandarabbas1.2*10 12F30.89*10 12F3
Dey1 Well1378
140 Km to South of Shiraz
3.669*10 12F32.752*10 12F3
Gordan2 WellFirrst:1357
135 Km to South – west of Shiraz
3.983*10 12F33.067*1012F3
Main Upstream Projects – Gas Fields- Off Shore
NameNo of WellGeographic PositionGas in PlaceGas Recovery
South Pars Gas Field
More than 100First: 1342
At Persian Golf – border of Gatar
559.1*10 12Ft3452.7*10 12Ft3
Fazad B- Farsi2 Well1345
At Persian Golf – border of Saudi Arabia
21.9*10 12Ft315.6*10 12Ft3
South - Gashow4 Well First: 1355
70 Km to west of Bandarabbas
5.156*10 12Ft34.056*10 12Ft3
Kish2 Well first 1347
At Persian Golf nera Lavan Island
47.360*10 12Ft335.543*10 12Ft3
ArashAt Persian Golf -border of Iran, Kuwait And Saudi Arabia
Midstream
projects
Midstream
projects
Country Max. Delivery
(MMcm/d)Start Year
Turkey27.42001
Armenia42007
United Arab Emirates (Crescent)
12.3-
Kuwait8.62011
Oman282011
Bahrain282012
Gas Export Projects by Pipeline (2005 – 2024) (1)
Country Max. Delivery
(MMcm/d)Start Year
Pakistan302014
India302014
Syria2.32010
Europe502010
Gas Export Projects by Pipeline ))2009 - 2024) (2
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)
Other Projects
CDM Projects
(Clean Development Mechanism)
The Most Important CDM Projects of NISOC
No.
Project
Associated Gas
)MMcf/d(
Costs
MMUSD
Finish year
Location
Project Status
1BINAK13302004Khooze
stan100%
Completed
2RAMSHI
R45.52004
Khoozestan
100% Completed
3AMAK 2415312006Khooze
stan~ 99%
Completed
4GHALE
NAR11302009
Khoozestan
~ 30% Completed
5NARGESI19402007Khooze
stan80%
Completed
6LAB
SEFID18402009
Khoozestan
In Tender
7HAFT
SHAHIDAN
34502010Khooze
stanBasic
Engineering
Tot.
-340726.5-
The Most Important CDM Projects of IOOC
No
Project
Associated Gas
(MMcf/d)
Costs
MMUSD
Finish year
LocationProject Status
1
KHARG &
BAHREGAN
54121822012Persian
Gulf~ 30%
Completed
2SIRI1325252009Persian
Gulf~ 60%
Completed
3Reshada
t257632010
Persian Gulf
~ 20% Completed
4Hangam454882009Persian
Gulf~ 80%
Completed
Tot.
-6732707-
The Most Important CDM Projects of ICOFC
No.Project
Associated Gas (MMcf/
d)
CostsMMUSD
Finish
yearLocationProject
Status
1CHESHME
KHOSH
110280
2009
KermanshahBasic Design
2Paydar &Paydar e
Gharb
2009
KermanshahBasic Design
3Dehloran 2009
KermanshahBasic Design
4Serkan & Malekou
2009
KermanshahBasic Design
5Khesht2009
KermanshahBasic Design
6
Sarvestan &
Saadat Abad
2009
KermanshahBasic Design
7Naft Shahr
2009
KermanshahBasic Design
Tot.-110280
NIOC Oil and Gas InvestmentNIOC Oil and Gas Investment
(2010-2014)(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
Financial
Requirement
Thank you