Iran studies Russian Zarubezhneft, Tatneft ‎proposal for oil field development

Baku, Azerbaijan, June 2

Trend:

The National Iranian Oil Company (NIOC)‎ investigated the proposals submitted by Russian Zarubezhneft, Tatneft for development of the Shadegan oil field.

The proposals for development of oil field were discussed in recent meetings of the NIOC special advisory committee for management of the country’s oil reservoirs, Integrated Planning Department of NIOC said in a statement.

In the meeting the proposals of Pasargad Energy Development Company (PEDC) and Tenco, a subsidiary of the IRGC’s Khatam-al-Anbiya construction group for the oil field’s development also were studied.

In June 2017, Tatneft was one of the new entries along with Russia’s Gazprom Neft and Rosneft, which National Iranian Oil Company added to its list of international companies eligible to bid for Iran’s massive oil and gas projects.

Last year, Tatneft signed a memorandum of understanding with National Iranian South Oilfields Company (NISOC) for carrying oilfield development studies on Shadegan oilfield in Khuzestan province.

The state-run Zarubezhneft also submitted the result of its ‎technical survey on Shadegan Oilfield to the NISOC.

Besides the aforementioned oil firms Schlumberger has also signed agreement to survey ‎the oilfield.

Shadegan oil field, including Asmari and Bangestan reserves, is located 60 kilometers south west of Ahvaz. Discovered in 1968, it cuurently produces 70,000 barrels of oil per day. The field is 23 kilometers in length, 6 kilometers in width and currently has 20 active wells.

The NISOC, Iran's largest oil company, produces about 83 percent of crude oil and 16 percent of natural gas in the country. The company has earlier signed deals with Schlumberger, Tenco (affiliated to IRGC), Pergas (a consortium of international companies), MAPNA Group and Persia Oil & Gas Industry Development Co. for carrying out development studies of four fields of Parsi, Karanj, Rag Sefid and Shadegan, including nine oil reserves.

The nine reserves include Asmari, Pabdeh and Khami in Karanj field, three reserves in Asmari, Bangestan and Khami in Rag Sefid field, Asmari field in Parsi field and two reserves of Asmari and Bangestan in Shadegan field.

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