Opinion

Field Activity Levels Increase in Iran Amid Talks of Sanctions

Posted by Kayrros

07-May-2018


  • Iran has been ramping up activity at key oil fields as a US decision on sanctions looms.

  • A similar surge occurred after the sanctions were lifted in 2016, as Iran ramped up output to 3.8 MMb/d.

  • Iran inventories have crept up since October 2017, reaching  26.8 MMb in March. Exports have averaged 2.35 MMb/d for the last six months.

  • Kharg Island is shaping the trend of inventory levels in Iran tracked by Kayrros, with 15 MMb of crude oil stored on the island at the end of March.

  • Satellite imaging shows the most active fields in March were Gachsaran, Marun, and Aghajari, with the production of 350 kb/d, 400 kb/d, and 200 kb/d. respectively.
The Iranian sanctions heavily impacted the country's oil and gas industry in 2012, forcing it to cut its crude oil exports by around 1 million b/d. As OPEC and the IEA are now warning about a potential supply gap in the short term, and Venezuela's output is in free-fall, the reimposition of sanctions on Iran would accelerate any supply shortage.

Activity Index (AI) measurements for several fields have spiked over the past five weeks. Gashahran's reported production last averaged 350 kb/d by the end of 2017. At the 400 kb/d Marun oil field, there was also an AI spike. The 200kb/d Aghajari oil field saw a dramatic increase in its AI throughout Q1 2018.

IranUnited StatesSanctionsNuclearOilOil and GasActivityActivity IndexIncreaseOil FieldIran OilIran Oil InventoriesCrude oilCrude Oil Production

More items from kayrros


Libyan Crude Oil Supply Disrupted After Port Attacks

Fighting at Libyan Ports damage storage facilities, halting exports and production from major fields in the Sirte Basin. Escalating conflicts since June 14  have forced NOC to declare force majeure at Ras Lanuf and Es Sider late last week. Damage to tanks 2 and 12 a ...

Kayrros


Posted 4 hours agoOpinion

Kayrros Wins Prestigious European Innovation Council Award

Kayrros predictive global energy analysis project recognized for technological innovation Paris, June 18, 2018 -  Kayrros, an advanced data analytics company, was recently awarded a grant from the European Innovation Council (EIC) for its Predictive Analysis on the Worldwi ...

Kayrros


Posted 1 day agoPress > europeEuropean Unioninnovation +4

Kayrros Extends Presence to London, Continues Initial Expansion of Office Network

Kayrros increases its global reach with a new presence in London and Dubai, coupled with offices in Paris, Houston, New York and Singapore PARIS,  9 June 2018 —Kayrros announced the opening of its London office this week, with the appointment of Christer Odegaard as ...

Kayrros


Posted 6 days agoPress > LondonOilSingapore +5

Libyan Oil Output Drops in May Amid Persistent Outages

Oil and gas infrastructure remains affected by repeated outages The Elephant Oil field remains shut down, while high temperatures forced the Libyan state firm AGOCO company to lower output from main fields in the Sirte Basin.   The lower production is in-line with a d ...

Kayrros


Posted 7 days agoPress > LibyaOilOil and Gas +17

Increased Permian Production Helped US Crude Levels Surpass Forecasts

Kayrros global field monitoring revealed aggressive growth in the Permian Basin in March 2018, which will likely reduce its capacity problems sooner than expected.  Texas oil production grew in March 2018 largely driven by the Permian Basin, although the Eagle Ford also ...

Kayrros


Posted 11 days agoOpinion > Oil and GasOilgas +9
All posts from kayrros