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A limited number of leading international companies will be invited for bidding in a tender to develop Azadegan Oilfield in southwest Khuzestan Province by the end of the current fiscal year in March. Oil Minister Bijan Namdar Zanganeh said. stressing that work has begun to put the giant field out to tender.
Zanganeh made the statement on the sidelines of a meeting with Darmin Nasution. Indonesia`s coordinating minister for economic affairs. in Tehran on Monday. Shana reported.
Azadegan`s in-place oil is estimated at 33.2 billion barrels. of which 6 billion barrels are deemed recoverable. It is the biggest oilfield discovered in Iran over three decades.
A 25-strong delegation of Indonesian officials including Arcandra Tahar. the deputy minister of energy and mineral resources and Syamsu Alam. upstream director at Indonesia`s state-owned oil and natural gas company Pertamina. explored grounds for cooperation in oil and gas sectors in meetings with senior Tehran officials.
Pointing to NIOC`s priority to enhance the oil recovery rates in oilfields. Zanganeh said Iran can draw on Pertamina`s experience in this field.
Pertamina signed a nondisclosure agreement in August to conduct studies on the onshore Abteymour and Mansouri oilfields. Today they submitted their master development plan for the oilfields. Zanganeh said. The offer will be evaluated and if approved. financial issues will be discussed in the near future.
The two fields are also being studied by other firms. namely Lukoil. Russia’s second-largest oil company as well as international oil and gas consortium Pergas.
On the likelihood of forming a consortium of oil companies. namely Lukoil. Pertamina and Pergas. for the upstream exploration/production projects. Zanganeh said. NIOC is making efforts to bring together these companies to get the best of their capability. However. their technical approach to developing the fields has fundamental differences that is why we want them to compete and not cooperate.
On exporting oil to Indonesia. Zanganeh said Pertamina received a 1-million-barrel cargo from NIOC in September and in case it is compatible with their refinery standards. we can become a new crude supplier to Indonesia
Pertamina`s Alam said that collaboration with NIOC is aimed at transferring expertise to tap into Iran`s massive hydrocarbon reserves.
Iran is one of Pertamina`s priorities for cooperation and we are serious about investing in Iran`s upstream oil and gas industry.
Iran is pushing for major deals with multinationals to raise crude production despite a global oversupply and persistently low prices. It is now pumping close to 4 million barrels a day. a level last seen before the tightening of sanctions in 2011.
