NISOC, Pergas sign Agreements for Oilfield Studies

The National Iranian South Oil Company (NISOC) and the international Pergas consortium have signed a Memorandum of Understanding (MoU) and Non-disclosure Agreement (NDA) to study the Karanj and Shadgan oil fields.

Speaking on the sidelines of the signing ceremony, NISOC Managing Director Bijan Alipour said his company will sign a number of cooperation deals with international partners by mid-December; talks are under way with the Polish Oil & Gas Company (PGNiG SA), Schlumberger, Austria’s OMV and Denico Consortium.

He mentioned that an MoU with the Schlumberger will be signed within the next week.

The Pergas consortium comprises 11 European, Canadian and Asian firms as well as the Sharif University of Technology and has signed the NDA for holding studies on Karanj (Asmari, Pabdeh, and Khami oil deposits) and Shadegan oilfields (Asmari and Bangestan reserves).

Based on the deal, the consortium will be given maximum of 6 months to hand over the results of its studies and also submit its proposed development plan on the fields to the NISOC.

Minister of Petroleum Bijan Zanganeh has spent a long time on investigation of the framework of NISOC’s new framework of oil contracts.

Over 60 companies are currently in talks with the NISOC for cooperation with the company under the new framework of the contracts.

The deals consider development of four fields of Parsi, Karanj, Rag Sefid and Shadegan, including nine oil reserves, are specified for development based on the contract after announcement and confirmation of the Minister of Petroleum.

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.

The four fields were selected for the purpose due to the recovery coefficient, enhanced recovery and integration of the reserves.

(Source: NIOC)

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