Thai Company to study Iranian Oil Fields

By John Lee.

The National Iranian Oil Company (NIOC) and Thailand’s PTT Exploration and Production (PTTEP) have signed a memorandum of understanding on Tuesday to carry out preliminary studies of three oil fields in Iran: Changuleh, Balal and Dalamperi.

The Ministry would then evaluate the company’s findings and decide whether to award the project development to the company.

Gholam-Reza Manouchehri, the NIOC deputy for engineering and development affairs, told reporters that several other international companies had also won agreements to study the three fields.

A similar agreement had earlier been signed with Norway’s DNO for studying Changuleh which sits on Iran’s border with Iraq in the western province of Ilam.

Manouchehri had previously said that the field could be linked to another nearby field named Azar.

Iran had previously announced that Azar, itself, was linked to Iraq’s Badra oil field. A domestic company – Sarvak Azar Engineering and Development Company – is already pushing ahead the development of the field with a target production of 65,000 barrels per day (bpd). The target production of Changuleh is 50,000 bpd.

Azar and Changuleh were discovered in 2005 as a result of explorations conducted by a consortium comprising Russia’s Lukoil and Norway’s Statoil. Both fields – together with Iraq’s Badra – are believed to hold an in-place reserve of about 3.5 billion barrels.

(Source: NIOC)

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