Economy
Tue Sep 15, 2020 2:8
Iran Tops Oil, Gas Exploration List
TEHRAN (FNA)- Deputy Managing Director of the National Iranian Oil Company for Explorations Affairs Saleh Hendi that by exploring 4.9 billion barrels liquid hydrocarbon in 2019, the NIOC is standing on the top of oil giants in the world.

"Based on 'Wood Mackenzie' reports with regard to exploration of hydrocarbon resources in the world in 2019, NIOC is ranking first," Hendi said.  

Based on the report, NIOC's exploration is equal to 31% of the entire hydrocarbon discovery in the world.

'Wood Mackenzie' added that discovering Eram field with 2.7 billion barrels (20 percent of the total gas discovered in the world) and Namavaran Field with 2.3 billion barrels (10.5 percent of the total oil discovered in the world) are ranking first and third, respectively.

The total amount of exploration in 2019 was 21.2 billion barrels which was twice as much as that of 2018.

NIOC (4.97 billion barrels), Gazprom (3.18b barrels), BP (1.4b barrels) and ExxonMobil (0.9b barrels) are ranking 1st to 4th, respectively with regard to liquid hydrocarbon discovery.

In relevant remarks in mid-August, Chief Executive of Iranian Offshore Engineering and Construction Company (IOEC) Saeed Vafapour said that the US sanctions have been turned into opportunities as the company has been successful to manufacture parts domestically.

Vafapour went on to say, “Benefiting from its advanced maritime fleet, the IOEC managed to gain notable achievements in a way that it contravened sanctions imposed against the country and turned these sanctions into opportunity.”

“Escalation of sanctions has caused industrialists and managers to rely more on the domestic capabilities,” said Vatanpour, while referring to the company’s main activities including managing project, engineering, purchasing, constructing, implementing, loading, installing offshore structures, laying pipe on the seabed, repairing and maintaining oil platforms, etc.

Elsewhere in his remarks, he said that the IOEC started its activity with drilling oil platform at Phase 14 of South Pars Gas Field (SPGF).

This company has so far created more than 1,100 direct and 4,000 indirect job opportunities in the country, the official noted.

Also in mid-August, Iranian Vice-President and Head of the Management and Planning Organization (MPO) Mohammad Baqer Nobakht said the United States has failed in its sanctions policy against Iran as Tehran has succeeded in putting various economic plans into action.

“The implementation of different economic programs across the country clearly shows that Washington has failed to achieve its goals of imposing sanctions against Iran,” Nobakht said.

Despite harsh sanctions and blocking all means of banking exchange and currency transfer, Iran has continued development and economic programs, he added.

Nobakht lauded the Iranian nation’s resistance in tough conditions.

In relevant remarks last month, President Hassan Rouhani said that Iran will surely pass through current tough circumstances despite all obstacles, and noted that the problems can be removed with realistic solutions.

 

 

 

 

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