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Iran receives Total's proposal for Azadegan oilfield development ‎

Oil&Gas Materials 11 June 2017 13:26 (UTC +04:00)

Baku, Azerbaijan, June 11

By Fatih Karimov – Trend:

Several international energy companies including French Total have submitted their proposals for development of Azadegan oilfield, Noureddin Shahnazizadeh, the managing director of Iran's Petroleum Engineering and Development Company, said.

Malaysian Petronas and Japanese Inpex also have submitted the result of their surveys for the field’s development, Shahnazizadeh said, SHANA news agency reported.

He further said that Iran has signed non-disclosure agreement (NDA) with eight companies for development of Azadegan oilfield, of them some have submitted their proposals.

International companies including Inpex, Royal Dutch Shell, Total, Petronas, Italy's Eni and China National Petroleum Corp (CNPC) are interested in the tender for development of the oilfield, Shahnazizadeh said.

Last month Ali Kardor, the Islamic Republic’s deputy oil minister, said that Iran will send invitations for 29 international companies which approved a bid in the country’s oil and gas tenders to participate in a tender for developing Azadegan oilfield.

Some 29 companies, including France’s Total, Royal Dutch Shell, Italy’s Eni, Lukoil and Gazprom of Russia, Danish conglomerate Maersk, China’s CNPC and Sinopec, Austria’s OMV and Schlumberger, will receive the invitations and the tender documents will be sent to the firms which express readiness to take part in the tender, he added.

Tender for development of Azadegan oilfield, shared with Iraq, will be the first tender, based on newly designed oil and gas contracts, called Iran Petroleum Contract (IPC).

Iran introduced the legal generalities of IPC in November 2015, but the new contract model hasn’t been approved by the Supreme National Security Council yet.

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