Platts reports that Iran has given priority to the China National Petroleum Corporation (CNPC) for the second phase of the development of its onshore North Azadegan oil field.
It quotes the Managing Director of the state-owned National Iranian Oil Company (NIOC), Rokneddin Javadi (pictured), as saying:
“Based on the original contract of North Azadegan with China’s CNPC, the company has been given priority to carry out the second phase of the development of the field.”
The first phase was now complete and commissioning was underway, and has the capacity to produce around 75,000 bpd of crude oil.
CNPC was to have completed the first phase late last year. Its performance at North Azadegan is under scrutiny after it was removed from the South Azadegan development because of delays.
North Azadegan has 6.5 billion barrels of oil reserves in place and covers around 460 sq km of the whole Azadegan field, straddling Iran and Iraq.