Iran’s NICOC Sets Gas Output Record

A01129022.jpg TEHRAN (FNA) The National Iranian Central Oil Co. said the company set a new gas output record in 2007, producing 300 million cubic meters of natural gas.

“South Zagros Oil and Gas Exploitation Co. is currently deriving 245 million cubic meters of gas per day from the fields of Aghar, Dalan, Nar, Kangan, Qeshm, Sarkhun, Tabnak, Homa, Varavi, and Shanol, supplying the feedstock of Parsian, Farshid, and Fajr-e Jam refineries,” said Alireza Zeighami, NICOC’s managing director.

The comments were reported by the Tehran Times newspaper.

Zeighami said the West Oil and Gas Exploitation Co. was producing more than 150,000 barrels of oil per day. NICOC’s goal for 2016 is to produce 400,000 barrels of oil, 400 million cubic meters of gas, and between 110,000 and 130,000 barrels of gas condensates per day.

“The company lifts its daily output by 198 thousand barrels of oil, 135 million cubic meters of gas, and 40 thousand barrels of gas condensates,” Zeighami said.

“In the first half of the 20-Year Vision Plan, the number of gas and oil fields covered by the company will soar to 29 and 17 respectively while its oil and gas reserves will increase from 23 to 66 and provinces it renders services will rise to 12 from current nine.”

By 2011 the company hopes to produce 320,000 barrels of oil, 335 million cubic meters of gas and 100,000 barrels of gas condensates a day.

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