Commenting on Pergas members, Morrison added, “Most of the consortium’s firms are reputable and some are active in oil and gas projects for more than a century.”
“As the proposal is being prepared, lengthy talks have been held with Iranian oil officials to play a role in the country’s lucrative projects. What we are looking for is a deal that will benefit both sides,” said Pedro Aquino, the managing director of the Philippine National Oil Company (PNOC).
He expressed optimism that the master development plan for the two fields will be approved by the NIOC and a final deal is secured between the two sides.
According to Gholamreza Manouchehri, deputy for development and engineering affairs at the NIOC, 24 MoUs have already been concluded between the state-owned company and domestic and international giants to carry out studies on various onshore and offshore fields.
“A total of 75 oil and gas field development proposals are expected to be presented to the NIOC, nearly two dozens of which have been submitted so far,” he said, adding that most agreements are aimed at increasing the recovery rate of oilfields in Khuzestan’s West Karoun oil block.
According to reports, Total S.A., OMV, Lukoil, Schlumberger, PGNiG, DeNico as well as Asian companies like CNPC, Inpex, KOGAS, Petronas, Pertamina, Wintershall of Germany and Norway’s DNO are among major names surveying Iran’s hydrocarbon reserves.