Tag Archives: INPEX Corporation

French energy major Total S.A.. Anglo-Dutch major Royal Dutch Shell and Japan'.s Inpex are in the race for developing the Azadegan Oilfield.

Oil output in the Iranian field has reached 50 thousand barrels.

Russian companies have reportedly signed deals to study seven Iranian oil and gas reservoirs.

The Poles will study the field’s geological structure and its reserves in six months. and provide NIOC with the results.

The new oil and investment contract for international firms. known as the IPC. will replace Iran’s buyback oil deals.

The country was already on the way to make a stronger oil market recovery.

Iran'.s untapped hydrocarbon market is lucrative enough to appeal to lots of international companies.

There is no conflict between Iran and Japan over Azadegan.

The official expounded that the recovery factor in the two joint fields is intended to climb from the current 5.5 or 6 to approximately 20 per cent.

Manouchehri estimated that the first tender to develop South Azadegan oil field will be invited in the first quarter of 2017.