Offshore oil exploration approved off Iceland
Iceland has OK'd offshore drilling licenses in its Dreki region, reports IceNews.
Faroe Petroleum has been granted the licences to explore the Jan Mayen Ridge area off Iceland's northeast coast.
The company already has exploration projects in the Norwegian Sea, the Norwegian Barents Sea and the Shetland Islands.
"As with our Norwegian Barents Sea licences, this new Icelandic Jan Mayen Ridge licencse has significant hydrocarbon potential, and is located in ice-free waters," said Graham Stewart, Chief Executive of Faroe Petroleum, in a news release on December 4. "We look forward to working with the Icelandic Government and our partners, in progressing these important opportunities."
Three South Pars phases coming online in near future Read more: http://www.oilvoice.com/n/Three_South_Pars_phases_coming_online_in_near_future/6c52cf280649.aspx
Three phases of South Pars gas field will come online up to the end of current Iranian calendar year, 20 March 2013, Iranian minister of petroleum said.
Speaking on the sidelines of a CNG conference here, Qasemi said the country produces 620 million cubic meters of gas per day, a figure that is planned to rise to 1.4 billion cubic meters per day at the end of fifth five year development plan, in 2015.
Read more: http://www.oilvoice.com/n/Three_South_Pars_phases_coming_online_in_near_future/6c52cf280649.aspx#ixzz2FJFnQFkA