Iran upstream summary
Report summary
Table of contents
-
Executive summary
- Oil production
- Gas production
- Foreign investment and technology
- Key facts
- Location maps
-
Key companies
- Main subsidiaries
- Internationally-based subsidiaries of NIOC
-
Selected local E&P companies for IPC projects
- NIOC-affiliated companies
- State-affiliated companies
- IRGC-affiliated companies
- Private companies
- Due diligence
- Operating capability
- Financing capability
- Foreign companies
-
Geology
- Introduction
- Regional Tectonic Framework
-
Zagros and Arabian basins
- The Arabian Platform
- Reservoirs
- Structural development
- Other basins
- South Caspian basin
-
Major petroleum plays
- Dalan Formation
- Kangan Formation
- Khami Group (Surmeh (Arab), Fahliyan (Yamama) and Dariyan (Shuaiba) Reservoirs)
- Bangestan Group (Kazhdomi (Nahr Umr), Sarvak (Mishrif) and Ilam Formations)
- Asmari Limestone
- Source Rocks and Petroleum Type
-
Exploration
-
Licensing
- 1901-1979
- Islamic Revolution
- 1995 - The return of foreign oil companies
- 1998 - First buy-back round
- 2003 Offshore licensing round
- 2004 Exploration licensing round
- 2007 Exploration licensing round
- IPC tenders
-
Drilling
- Drilling activity
- Onshore and the Persian Gulf
- 1900-1979
- 1979-2002
- 2003-present
- Caspian Sea activity
-
Licensing
-
Reserves and resources
- Oil reserves and resources
- Gas reserves and resources
- Maturity of the reserve base
- Reserves by field
-
Production
-
Oil/Liquids
- Oil production outlook
- Condensate and NGL production growth
- Historical production
- OPEC
-
Gas
- Gas production outlook
- Dedicated re-injection projects
- Sales gas historical production
-
Oil/Liquids
-
Infrastructure
-
Introduction
- Oil
- Gas
-
Oil infrastructure
- Future oil pipelines
- Pumping stations
- Deliveries to domestic refineries
- Oil import infrastructure
- Oil refineries
- Oil export terminals
-
Gas infrastructure
- Existing Pipelines
- IGAT-1
- IGAT-2
- IGAT-3
- IGAT-4
- IGAT-5
- IGAT-6
- IGAT-7
- IGAT-8
- The North and North East gas pipeline
- Future Gas Pipelines
- IGAT-9
- IGAT-11
-
Gas Processing Facilities
- Major Gas Processing Facilities
- Fajr-e Jam (formerly Valli Asr)
- Bid Boland
- Khangiran (Hasheminejad)
- Dalan
- Assaluyeh and Kangan
- Parsian 1 and 2
-
Export Pipelines
- Turkey
- Azerbaijan (swap for Nakhchivan region)
- Armenia
- UAE - Sharjah
- Pakistan and India (IPI Pipeline)
- Iraq
- Oman
-
LNG
- Supply - South Pars
- Progress
- Supply - North Pars
- Progress
- Sales
-
Introduction
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- Petroleum Act (1974)
- Oil Act (1987)
- Other developments
- Iranian Constitution - Article 44
- Iranian Constitution - Article 81
- Iran Libya Sanctions Act (ILSA), 1996
- Regulatory body
- State oil company
-
National Iranian Oil Company (NIOC)
- National Iranian South Oil Company (NISOC)
- Iranian Central Oil Fields Company (ICOFC)
- Khazar Exploration and Production Company (KEPCO)
- Iranian Offshore Oil Company (IOOC)
- Pars Oil and Gas Company (POGC)
- Petroleum Engineering and Development Company (PEDEC)
- Arvandan Oil and Gas Company (AOGC)
- National Iranian Gas Company (NIGC)
- National Iranian Gas Export Company (NIGEC)
- State participation
- Licensing
-
Key legislation
-
Fiscal terms
- Overview
-
Upstream
- Buy-back contracts
- Iran Petroleum Contract (IPC)
-
Mid- and downstream
- Pipelines
- Gas Utilisation
- Current fiscal terms
-
Iran Petroleum Contract
- Main innovations
- NISOC Contract
-
Buy-back Contracts
- State Equity Participation
- Bonuses, rentals and fees
- Royalty and other production taxes
- Buy-back cost recovery
- Buy-back Profit Sharing
- Corporate (or Petroleum) Income Tax
-
NIOC Contract Terms
- Government Priority Production
- Corporate Income Tax
- Capital and Operating Costs
- Royalty
- Sample Cash Flow - Iran Petroleum Contract
- Sample Cash Flow - Buy-back contract
-
Historical background
- The original buy-back concept
- First generation of buy-backs (up to 1995)
- Second generation of buy-backs (1995 to 2003)
- Third generation of buy-backs (from 2003)
- Agreements with international companies
Tables and charts
This report includes 46 images and tables including:
- Liquids Production (2000-2025)
- Key facts: Table 1
- Location maps: Image 1
- Reserves and contingent resources at 01/01/2021
- Liquids and Gas Production 2020
- Iran: Sedimentary Basins Map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Reserves and resources: Table 4
- Reserves and resources: Table 5
- Liquids and Gas Production and Reserves
- Reserves and resources: Table 6
- Iran Oil Infrastructure Map
- Infrastructure: Table 1
- Iran Gas Infrastructure Map
- Organisation Chart
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- Fiscal terms: Table 8
- Iran Generalised Stratigraphy (Arabian and Zagros Basins)
- Exploration: Table 1
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Exploration: Table 5
- Exploration: Table 6
- Exploration Drilling
- Country Liquids Production (Oil, Cond, LPG)
- Production: Table 1
- Production: Table 2
- Liquids Production (2000-2025)
- Liquids Production by Sector (2000-2025)
- Production: Table 3
- Production: Table 4
- Gas Production by Sector (2000-2025)
- Production: Table 5
- Production: Table 6
- Infrastructure: Table 2
- Capital Expenditure by Region (US$ Million)
- Operating Expenditure by Region (US$ Million)
What's included
This report contains:
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