2. NIOC Investment Opportunities in Oil and Gas Upstream, Midstream& Downstream

3. 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.

4. 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

5. Affecting Factors on NIOC’s planning
1- Increasing exploration activities in all regions of the country (top priority in joint fields); Increasing development activities in oil and gas fields (top priority of NIOC is respectively joint fields, brown fields and then green fields development); Increasing recovery factors of oil and gas fields;

6. Breakdown of in-place Hydrocarbons Reserves in Iran
(Year 2008)
Total : oil equivalent

7. Breakdown of Recoverable Hydrocarbons Reserves in Iran
(Year 2008)
Gas : TCM
Liquid : MMBBLs

8. Recoverable Exploration of Oil & Gas Plan
( )
Oil:bn bbl
Gas: bcm
Project
2009
2014
2019
2024
Exploration of Oil & Gas (Onshore & Offshore) including Persian Gulf
Oil
500
400
300
Gas
120
141
173
210
Caspian Sea Exploration
200
150
100 20

9. Crude Oil Production Plan (2009-2024)
Year
2009
2014
2019
2024
Total
4.4
5.3
5.1
4.2 9 9

10. Crude Oil Production Plan Including IOR/EOR (2009-2024)10 10

11. 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
(using IOR/EOR)
0.2
0.4
1.3
Demand:
Total Refinery Feed
1.6
2.5
2.7
Total Export
(Direct & Buy Back)
2.8
2.6
1.5

12. Rich Gas Production Plan (2009-2024)
Year
2009
2014
2019
2024
Total
719
1509
1754
1820

13. New Exploration and Development Projects (E&D)

14. 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)

15. 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)

16. Gas and Water Injection Plan
( )
Gas: MMcm/d
Water: Mbbl/d
Injection
2009
2014
2019
2024
Gas
177
271
265
238
Water
650

17. 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

18. 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

19. Upstream projects

20. Main Upstream Projects –Ultra Heavy Oil Fields
API Gravity
Oil Recovery
Oil in Place
Geographic Position
No of Well
Name
Jahrom-8-10 API
Sarvak API
871.5*106 BBL
6.63* 109 BBL
80 KM to Boushehr
8 well
first well: 1311
Kohe Mond
14 API
268.5*106 BBL
1.729 *109 BBL
South- west of the country
2 well
first well : 1371
‌Zagheh
6-16 API
2250*106 BBL
Crude Oil: 31* 109 BBL
Gas : F3
Central of Persian Golf
2well
first well : 1344
Ferdowsi

21. Main Upstream Projects –Oil Fields
API Gravity
Oil Recovery
Oil in Place
Geographic Position
No of Well
Name
23.6 API
7.7 *10 6 BBL
26 *10 6 BBL
100 Km to south – east of Shiraz
1 Well
1342
Boushkan
3.9 *10 6 BBL
13 *10 6 BBL
50 Km to south – east of Khark
Boushehr
Asmari:28.3 Sarvak:25API
Asmari:23.1 Sarvak:27*10 6 BBL
Asmari:371 Sarvak:374*10 6 BBL
40 Km to North – East of Kohemond
1352
Koh Kaki
36 API
38.9 *10 6 BBL
155.6*10 6 BBL
West of Central aria of Iran
14 Well
first-1335
Alborz
404*10 6 BBL
6421 *10 6 BBL
80 Km to west of Ahvaz
2 Well
first-1378
North of Azadegan
API
47.32 *10 6 BBL
419.5 *10 6 BBL
At Persian Golf near Asaloyeh Port
1386
East Asaloyeh
34-35 API
196*10 6 BBL
2451*10 6 BBL
At state of Ilam
fIrst: 1358
Azar

22. Main Upstream Projects –Oil Fields
API Gravity
Oil Recovery
Oil in Place
Geographic Position
No of Well
Name
24 API
Oil: 199*10 6 BBL
Oil: 1531*10 6 BBL
At dezful – Khoozestan Province
1 well
1381
Bande Karkhe
Oil:29.3 API
Oil: 147*10 6 BBL
Gas : 4.19*10 12 ft3
Oil: 580*10 6 BBL
Gas : 6.25*10 12 ft3
At Persian Golf 50 miles to Lavan Island
3 well
First: 1346
Balal
23 API
Oil: 184.5*10 6 BBL
Oil: 1230*10 6 BBL
At Elam province – border of Irag
2 well
First : 1341
Changooleh

23. Main Upstream Projects – Gas Fields- On Shore
Gas Recovery
Gas in Place
Geographic Position
No of Well
Name
5.46*10 12F3
21*10 12F3
At Lorestan state
1 Well
1353
Kabir Kooh
2.087*10 12F3
2.878*10 12F3
At Persian Golf- east of Kangan
2 Well
Firrst:1365
Asaloyeh
1.167*10 12F3
1.668*10 12F3
Gheshm Island
5 Well
Salakh
2.65*10 12F3
4.9*10 12F3
North-East of Yasoj
1369
Mokhtar
1*10 12F3
1.45*10 12F3
42 Km to Gilanegharb
Firrst:1352
Babaghir
0.89*10 12F3
1.2*10 12F3
15 Km to Bandarabbas
Soro
2.752*10 12F3
3.669*10 12F3
140 Km to South of Shiraz
1378
Dey
3.067*1012F3
3.983*10 12F3
135 Km to South – west of Shiraz
Firrst:1357
Gordan

24. Main Upstream Projects – Gas Fields- Off Shore
Gas Recovery
Gas in Place
Geographic Position
No of Well
Name
452.7*10 12Ft3
559.1*10 12Ft3
At Persian Golf – border of Gatar
More than 100
First: 1342
South Pars Gas Field
15.6*10 12Ft3
21.9*10 12Ft3
At Persian Golf – border of Saudi Arabia
2 Well
1345
Fazad B- Farsi
4.056*10 12Ft3
5.156*10 12Ft3
70 Km to west of Bandarabbas
4 Well
First: 1355
South - Gashow
35.543*10 12Ft3
47.360*10 12Ft3
At Persian Golf nera Lavan Island
first 1347
Kish
At Persian Golf -border of Iran, Kuwait And Saudi Arabia
Arash

25. Midstream projects

26. Gas Export Projects by Pipeline
(2005 – 2024) (1)
Country
Max. Delivery (MMcm/d)
Start Year
Turkey
27.4
2001
Armenia 4
2007
United Arab Emirates (Crescent)
12.3 -
Kuwait
8.6
2011
Oman 28
Bahrain
2012

27. Gas Export Projects by Pipeline
(( ) (2
Country
Max. Delivery (MMcm/d)
Start Year
Pakistan 30
2014
India
Syria
2.3
2010
Europe 50

28. 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)

29. (Clean Development Mechanism)
Other Projects
CDM Projects
(Clean Development Mechanism)

30. The Most Important CDM Projects of NISOC Associated Gas (MMcf/d)
No.
Project
Associated Gas (MMcf/d)
Costs
MMUSD
Finish year
Location
Project Status 1
BINAK 13 30
2004
Khoozestan
100% Completed 2
RAMSHIR 4
5.5 3
AMAK
241
531
2006
~ 99% Completed
GHALE NAR 11
2009
~ 30% Completed 5
NARGESI 19 40
2007
80% Completed 6
LAB SEFID 18
In Tender 7
HAFT SHAHIDAN 34 50
2010
Basic Engineering
Tot. -
340
726.5

31. The Most Important CDM Projects of IOOC Associated Gas (MMcf/d)No
Project
Associated Gas (MMcf/d)
Costs
MMUS D
Finish year
Location
Project Status 1
KHARG & BAHREGA N
541
2182
2012
Persian Gulf
~ 30% Completed 2
SIRI
132
525
2009
~ 60% Completed 3
Reshadat 25
763
2010
~ 20% Completed 4
Hangam 45
488
~ 80% Completed
Tot . -
673
2707

32. The Most Important CDM Projects of ICOFC Associate d Gas (MMcf/d)
No.
Project
Associate d Gas (MMcf/d)
Costs
MMUS D
Finish year
Location
Project Status 1
CHESHME
KHOSH
110
280
2009
Kermansha h
Basic Design 2
Paydar &
Paydar e Gharb 3
Dehloran 4
Serkan & Malekou 5
Khesht 6
Sarvestan &
Saadat Abad 7
Naft Shahr
Tot. -

33. NIOC Oil and Gas Investment
( )
Buy Back oil projects bn$
Buy Back gas projects & consumption optimization bn$
Finance bn$
Total bn$
Internal financial sources bn$
(NIOC own investment)
Grand Total bn$

34. Financial Requirement

35. Thank you