Tag Archives: iran

Iran – lifting of sanctions brings new exploration opportunities

US and EU sanctions on Iran were lifted last weekend in accordance with the nuclear agreement announced in July 2015, paving the way for global energy companies to re-enter the country. While this will probably add to the downward pressure on oil prices in the short term, it also provides new opportunities for cost-effective exploration and enhanced production in an established petroleum province.

Iranian officials are expected to provide full details of the much-anticipated Iran Petroleum Contract (IPC) during a London conference to be held over 22-24 February. Meanwhile, the National Iranian Oil Company has already set up a dedicated web portal with information on the initial contract areas slated for exploration and development. A total of 52 existing oil and gas fields are being marked for development projects, whilst locations for 18 blocks across the length and breadth of the country – including 4 in the Caspian Sea – have now been outlined for exploration bids as part of the IPC (see embedded map beneath).

Iran IPC exploration blocks - Lynx interactive licensing rounds map

Iran IPC exploration blocks – click to open the Lynx Interactive Licensing Rounds Map

IPC offshore blocks on offer:

IPC onshore blocks on offer:

  • Abadan, Khuzestan province
  • Dousti, Razavi Khorasan province
  • Kavir, Semnan province
  • Moghan, Ardabil province
  • Raz, North Khorasan province
  • Sarakhs, Razavi Khorasan province
  • Sistan, Sistan and Baluchestan province
  • Taybad, Razavi Khorasan province
  • Timab, Ilam province
  • Tudej, Fars province
  • Zahab, Kemanshah province

Lynx is able to offer rapid access to critical information through a range of quick-turnaround data reformatting services and non-exclusive studies. Our Iran Exploration Adviser GIS is a complete G&G synthesis which provides essential data for exploration teams who wish to evaluate opportunities in Iran, and the GIS has data coverage over many of the IPC areas in the form of well & field locations & associated databases, surface geology and cross sections, facies & isopach mapping, plus digital seismic and well log data with localised interpretations. The study is completed with a detailed hydrocarbon evaluation report and summary sheets for over 60 fields.If you are interested in learning more about our studies and services, please contact us.

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Iran Petroleum Contract and New E&P Opportunities in Iran

Following the news of a positive conclusion to negotiations in Vienna between Iran and the P5+1 group of countries, international oil companies are once again expected to turn their attention towards E&P opportunites in Iran just as soon as sanctions are fully lifted.

The Iranian Ministry of Petroleum, together with the National Iranian Oil Company (NIOC), has already devised a new set of terms for encouraging investment from foreign companies, in a new format being presented to industry called the Iran Petroleum Contract (IPC).

40+ field development projects have already been marked for investment as part of the IPC: The map beneath provides a snapshot of these project areas.

NIOC priority projects 1&2

Lynx offers a comprehensive Exploration Adviser GIS dataset for Iran with an associated Hydrocarbon Evaluation report, combining results from historic seismic and drilling programmes with interpreted maps, field data, and summary field sheets with coverage over these IPC project areas. Please contact us for further details.

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