Iran will hopefully sign its first oil deal based on the newly-devised contract terms before the end of President Rouhani’s first term by July, Iranian Minister of Petroleum Bijan Zangeneh said.
The National Iranian Oil Company (NIOC) announced Sunday that it will hold an international tender for the development of major oil field in southwest of the country.
Speaking to reporters, the official said the invitation to tender for development of Azadegan Oilfield has started already.
By Friday, the tender will be held for the much-awaited development project of Azadegan oil field in the southwestern province of Khouzestan, Ali Kardor, the managing director of the NIOC, was quoted as saying.
Invitation letters have been sent to 29 international companies to submit their proposals, Kardor said, adding that the Shell, Total, CNPC, Sinioc, Lukoil, Pertamina, and OMV are among the companies to attend the tender.
South Azadegan Oilfield is one of Iran’s biggest oil reserves and produces heavy crude. According to the Iranian officials, the Azadegan field has oil-in-situ reserves of about 33.2 billion barrels and recoverable resources are estimated at about 5.2 billion barrels. It is one of the biggest oil field found in Iran in 1999.
The National Iranian Oil Company (NIOC) has signed several memoranda of understanding (MoUs) with a number of leading energy companies like Total, Royal Dutch Shell and Inpex for carrying out studies on the field’s development.
