Pergas Consortium will submit its master development plan proposal to the National Iranian Oil Company (NIOC) to develop Shadegan and Karanj oilfields in the southern oil-rich province of Khuzestan by July, the group’s managing director said.
“The company will allocate $1 billion to expand the fields in the first phase and if required, more money will be injected into the venture,” Colin Rowley was quoted as saying by the Oil Ministry’s official news service, Shana, in Tehran on Saturday.
Pergas is an international engineering, procurement, construction, maintenance, and project management consortium and a turnkey contractor in the oil and gas industry, according to its website. Its operations are largely concentrated in the Middle East, Southeast Asia and Africa.
Pointing to a memorandum of understanding signed with the National Iranian South Oil Company (NISOC) last year to study the fields, Rowley added, “Talks are underway with some Iranian exploration and production companies for partnership. We seek a win-win collaboration.
“We hope the NIOC will endorse the proposal by August so that the contract can be finalized by September. We are willing to train Iranian workers and transfer technology (in upstream petroleum industry) to the country,” he noted.
According to reports, the Philippines National Oil Company (PNOC), Iran’s Sharif University of Technology and Norway’s AGR, a leading well design and drilling project management, reservoir and field management service company, were among the consortium’s members that participated in studies the fields’ reservoirs.
According to Iain Morrison, AGR’s Middle East director, the proposal is being drawn up and will be presented in the near future.