NICO Projects
There are thousands of petroleum-based products that we rely on a daily bases. All of this translates into opportunity for oil and gas investors.
As the bulk of oil reserves are located in the five Persian Gulf countries, namely, (Iran, Kuwait, Qatar ,Saudi Arabia and the United Arab Emirates), it is estimated that by the year 2020 they will supply sixty percent of the world consumption which consist of forty percent for the oil and twenty percent for the gas.
Investment in the Persian Gulf Countries has become vital to world energy supply and security for the following reasons.
- 1- Their proven reserves in place stand well above 40% of the total world.
- 2- The cost of production is low compared to other regions.
We acknowledge the interrelationships between energy production and consumption, economic growth and social development. And we will continue to work with international community towards all global efforts aimed at bridging the development gap and making energy accessible to the world’s consumers.
NICO remains committed to its longstanding policy of promoting market stability and providing a reliable and regular supply of a very valuable resource to the world. It also appreciates the positive role that oil has played in the past and continues to play in the future to raise the living standards of people on all continents.
Oil and gas projects usually take many years—five, ten, and even longer to complete. The top line of business performance is revenues. Once significant capital is committed to a development project, time becomes of critical importance. Any delays in bringing new production on stream reduce revenues and cut into overall project profitability.
Facilitating investment in oil and gas development requires creating the conditions for success and winning solutions for the oil and gas industry, producing countries, and consuming nations as well as the investors.
With this concept in mind, policy-makers can achieve success in facilitating investments by understanding the needs of the industry and the drivers for decision-making.
Governments that recognize and understand these needs and drivers can shape the investment environment to encourage activity—benefiting producers, consumers, investors and industry.
The primary concept underlying for the NIOC oil and gas investment decision likewise for the other investors is a very simple one—the acceptable balancing of perceived risk (in all its forms) with the potential for achieving a commensurate reward.
NICO management will do feasibility and other relevant studies to make sure by placing its investments where it perceives they have the greatest potential to deliver results. The main needs for meeting oil and gas investment performance goals are:
- A stable, secure business and operating environment
- Early production and revenue
- Fair terms that allow acceptable potential for return on investment
- Low cost structure
The risks are involved in project investments are geological, operational, political, financial, legal, regulatory, and market and price to name just a few. The attempt is made to reduce the various risks to acceptable levels or eliminate them entirely by a variety of means. NICO makes all effort in identifying, quantifying, and managing the various types of oil and gas investment risks that arise in the course of business.
Overseas Investments
NICO’s central focus has always been on establishing a strong partnership with international contractors and as an international
player to extend its role in the international market by expanding its shares in the countries like Azerbaijan Republic, India, and United Kingdom
(North Sea) etc.
New Projects
NICO projects are divided into two categories as follows.
- 1- The projects that have started over the last two decades and are either completed successfully; or are in the final stages of completion or planned to be completed in coming months or years.
- 2- In 2009 National Iranian Oil Company (NIOC) allocated more than 13 new projects to NICO to finance.
For further information on the allocated projects, please contact the Planning and Monitoring Department as follows;
Planning and Monitoring Department
Av. de la Tour Haldimand 6
1009 Pully
Switzerland
Tel. : (+41) 21 3106565