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Pasargad Energy Development Company (PEDC) has signed a memorandum of understanding and a non-disclosure agreement with the National Iranian Oil Company to study three oilfields in the southern regions. It was the second oilfield agreement signed with Pasargad in less than a week.
The agreement is aimed at developing Sousangerd. Jofeir. Sepehr oilfields in Khuzestan Province based on the terms of Iran Petroleum Contract. the new contractual framework designed to develop dozens of oil and gas projects with foreign and domestic investment.
The signing ceremony was held in Tehran on Thursday. Ali Kardor. NIOC managing director. Gholamreza Manouchehri. NIOC deputy for development and engineering affairs and Development Co. (PEDC)`>.PEDC chief Mehdi Mir-Moezzi were present.
According to Kardor. Pasargad will have six months to complete its studies and submit a development plan.
Pasargad signed a MoU on Sunday with the National Iranian South Oil Company to conduct studies on Rag Sefid. Parsi and Shadegan reservoirs in the same province based on a customized framework developed by NISOC that conforms to the IPC. The company. a subsidiary of Bank Pasargad. is active in offshore drilling (jackup rig ownership and operation). general contracting (oil and gas exploration and production) and pipe manufacturing.
Expressing satisfaction with domestic firms` interest in playing a role in developing oilfields. Kardor noted that NIOC will sign preliminary agreements with more Iranian companies to study the huge hydrocarbon deposits.
Domestic oil exploration/production companies which have a foreign partner will have priority in coming tenders over other rivals. he said. adding that NIOC is making an effort to facilitate collaboration between international and Iranian companies.
NIOC is taking measures to help expand the scope of E&.P operations of domestic companies in overseas projects. Kardor said. stressing that the state oil company is in the process of establish globally acceptable integrated oil and gas enterprises.
According to Saleh Hendi. NIOC`S director for drilling operations. 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.
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 great significance for the key industry.
