NIOC Adds 1 More Name to Conduct Susangerd Oilfield Studies

Pars Petro Zagros Engineering and Services Company has signed a memorandum of understanding with the National Iranian Oil Company to conduct studies on an onshore oilfield in Khuzestan Province.

The agreement was signed by Gholamreza Manouchehri, the deputy for development and engineering at NIOC, and Manouchehr Shapouri, PPZCo.'s managing director, in Tehran on Wednesday, NIOC's news portal reported.

According to the terms of MoU, PPZCo. will study Susangerd Oilfield in Khuzestan.

Pointing to NIOC's policy to support domestic firms to play an active role in oil and gas fields' development, Manouchehri noted that assigning Iranian enterprises to expand relatively small fields tops NIOC's agenda, as it can help them prosper and have a say in the market.

PPZCo. possesses extensive experience in technical and managerial fields in various disciplines of oil and gas industry, namely reservoir management and engineering, production engineering and geological studies, as well as drilling engineering and operation.

Manouchehri added that the same hydrocarbon reserve is being studied by Petroiran Development Company, Pasargad Energy Development Company and the Industrial Development and Renovation Organization of Iran.

"NIOC has signed 32 MoUs with international and domestic firms with the aim of exploring the country's hydrocarbon deposits," he said, noting that 100 proposals are expected to be submitted to NIOC, of which 45 have been delivered.

Commenting on proposals presented so far, Manouchehri noted that Austria's integrated oil and gas company OMV, Russia's Lukoil, Indonesia's Pertamina, Japan's Inpex, French energy giant Total S.A. and Denmark's Maersk Group are among majors that submitted the result of their technical studies to NIOC.

Technical teams are studying Korea Gas Corporation's plan to develop Belal Gas Field in Hormozgan Province.

On Russian oil and gas firm Zarubezhneft's competition with India's Oil and Natural Gas Corporation Limited to develop the Farzad-B Gas Field in the Persian Gulf, Manouchehri said both companies have presented their plans and NIOC's Reservoir Management Committee will announce the decision soon.

source: Financial Tribune