By John Lee.
Mehr News Agency reports that Britain’s Shell and France’s Total are likely to form a consortium with an Iranian company to develop the Azadegan oilfield (pictured).
An official at Iran’s Petroleum Engineering and Development Company (PEDEC) says the National Iranian Oil Company (NIOC) has so far signed four MoUs or confidentiality agreements with Total, Shell, Inpex of Japan, and Malaysia’s Petronas for development of the field.
PEDEC’s Deputy Director for Engineering and Development, Tooraj Dehghani, said:
“Presently, oil output in the Iranian field has reached 50 thousand barrels while the figure is expected to hit over 100 thousand barrels per day half way through the coming Iranian calendar year (to begin March 21).”