Norwegian company eyeing Iran’s oil & gas sector

Business Materials 18 February 2016 15:32 (UTC +04:00)

Baku, Azerbaijan, Feb. 18

By Fatih Karimov - Trend:

Norwegian company Global Geo Services AS (GGS) plans to expand cooperation with the National Iranian Oil Company (NIOC) in the post-sanctions era, Bjorn Ursin-Holm, the company's president and CEO, told Trend Feb. 18.

Last November, Tehran hosted a conference to introduce the Islamic Republic's new oil contract, called the Iran Petroleum Contract, to foreign investors. GGS was among the participants of the conference.

Ursin-Holm believes the new contract is attractive, but still need some negotiations.

He also said GGS is interested to take part in exploration and production in Iran's oil and gas sector.

"GGS has already signed a cooperation agreement with NIOC on geophysical data, covering all Iranian offshore areas," added Ursin-Holm.

He also informed that the Iranian company Blue Calm Marine Services is representing the GGS in the Islamic Republic.