Iran signs oil exploration contracts with knowledge-based companies

Tehran, Iran, Aug.5

Trend:

The National Iranian Oil Company Exploration Directorate has signed four research contracts related to geophysics, geochemistry, irregular sources of hydrocarbons and drilling fluids with universities and knowledge-based companies.

The contracts were signed at the Ferdowsi University of Mashhad, Trend reports citing ILNA.

The first contract - Quantitative Interpretation (QI) seismic interpretation project south of Abadan - has been signed between Head of Exploration at National Iranian Oil Company eyed Saleh Hendi and deputy of research and technology of Ferdowsi University of Mashhad Ahmad Reza Bahrami. The 15-month contract includes localizing modern methods in quantitative research and reservoir characterization.

The second contract concerned phase II of a project to transfer technical knowhow and technology for exploration of oil shales in the Qali Kuh region in the western province of ​​Lorestan. The contract is set to run for 48 months, and a European technical university with more than 90 years of experience in the oil shale industry is set to collaborate as an international consultant and partner in the project. The project will provide a basis for the development of a new oil shale industry in Iran by developing a comprehensive exploration plan.

The third contract was on geochemical assessment and study of hydrocarbon reservoirs of the Dehram Group (located in the middle part of the coastal Fars region). Hendi and Mansour Ghorbani, Managing Director of Pars Knowledge-based Co. signed the deal. A European university will be the international partner and advisor of the 18-month project. This study can more accurately assess the probability of hydrocarbon sources in the lower depths of the Dehram reservoir.

The last contract focuses on field implementation of 10,000 barrels of high pressure, high temperature (HPHT) hydraulic deep drilling fluid for wells to replace oily base fluid. Hendi and Soltani signed this 18-month contract as well.

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