Managing-Director of the National Iranian Offshore Oil Company (NIOOC) Mahmoud Zirakchianzadeh announces that his company is conducting negotiations over several deals worth 14 billion dollars.
Zirakchianzadeh told Shana that the technical and financial aspects of the contracts had been finalized and the necessary procedures were underway to finalize the deals.
He added the contracts dealt with the development of Farzad A, Farzad B, Soroush, Esfandiar, Tosan and Alfa fields.
Referring to the endorsement of an agreement with Petropars Company on the development of Farzad B field, Zirakchianzadeh said, “ Petropars has started some executive operations such as preparation of Pre MDP and conducting three-dimensional seismic operations.”
“In addition to preparing Pre MDP and conducting 3D seismic activities, Sahar-1 drilling rig has moved to the Farzad A site and has drilled more than 2 thousand meters since entering the site. ”
He stated that the company had reached an agreement with Khatam-ol-Osia Headquarters on development of Tosan and Alfa fields, and said the agreements are about conducting basic studies on the development plan of the fields, making preparations and offering technical and financial suggestions.
“ The NIOOC is the second biggest subsidiary of NIOC in terms of development of oil and gas fields and will rank the first in terms of signing development contracts within next two years ,” Zirakchianzadeh said.
Last year the company signed six billion dollars of contacts, part of which was related to the development plans and another part to modernization of facilities.
The NIOOC was established in 1980 to develop oil and gas fields in the Persian Gulf. It covers an area which is divided to Bahregan, Kharg, Sirri, Lavan, Qeshm and Kish regions.
[mappress] Press Release, September 26, 2012