Iran Eager to Expand Overseas E&P Operations

Collaboration with international firms for oil exploration/production overseas is on the agenda of the National Iranian Oil Company. said Director for Drilling Operations. Saleh Hendi.
He said plans are in place to help domestic oil and gas exploration companies get involved in overseas projects as it will help them gain international recognition.
Hendi said so long as Iranian engineers and enterprises do not take exploratory assignments in other countries. they cannot gain access to the state-of-the-art exploration and drilling expertise.
That is why policies have been adopted to help facilitate Iranian exploration firms` presence in E&amp.P ventures overseas. he noted.
Highlighting NIOC collaboration with oil and gas giants. the official said the state oil company and BP cooperated in a joint exploration venture in Rhum gas field in the North Sea in the last decade. but Iran was forced to abandon the project due to tighter sanctions over the  nuclear program dispute with the West.
NIOC has widened the scope of exploration activities in the Persian Gulf. Hendi noted. adding that oil/gas exploration in the strategic waterway is of significance for the key industry. 
 

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