Darkhovain Oilfield’s Third Phase Development Contract SignedSource: Shana 8/16/2011, Location: Asia
A contract worth about 1.6 billion dollars was signed on development of Darkhovain oil field’s phase three in the presence of Iran’s minister of petroleum Rostam Qasemi.
The project with the aim of producing 71 thousand barrels per day was signed by the Petroleum Engineering and Development Company (PEDEC) on the one hand and a consortium comprising of Omid Investment Management Corporation affiliated to Iran’s Bank Sepah, Iran Itok company and Pooya Energy Company on the other.
The needed investment for development of the Darkhovain oil field’s third phase had been already estimated at 1.2 billion dollars.
Two phases of Darkhovain oil field has been already developed with the aim of producing 160 thousand barrels per day.
In place oil reserves of Darkhovain oil field are estimated at 5.2 billion barrels of which 1.3 billion, or 26 percent, could be recovered.
Oil Field Services News in Iran >>
China >> 9/11/2018 - Saudi Basic Industries Corporation (SABIC) announces the signing of a Memorandum of Understanding (MoU) with the Fujian Provincial Government of the R...
China >> 9/10/2018 - Qatargas has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limit...
Cleaning Equipment, Services
Land & Leasing
Oil & Gas Companies
Transportation, 4X4 Trucks
Water Supply Services
Related Articles: Camp Building Cleaning Equipment, Services Communication Corrosion Products/Services Development Exploration General Labor Services Land & Leasing Mine Clearance Oil & Gas Companies Production Service Companies Transportation, 4X4 Trucks Utility Systems Water Supply Services Welding Products/Services
|Iran Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 ||