Tag Archives: Petropars

CNPC has now a 30 percent stake. while Iranian company PetroPars holds the remaining 19.9 percent.

Total holds a 50.1 per cent stake in the South Pars project.

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.

Reacting to the Total’s statement. Iranian Oil Minister Bijan Namdar Zanganeh said Total will lose all of its investment if it pulls out of the deal.

Total is the operator of the SP11 project with a 50.1% interest alongside the Chinese state-owned oil and gas company CNPC (30%). and Petropars (19.9%). a wholly owned subsidiary of NIOC.

Total became the first Western oil major to sign an agreement with Iran to develop phase 11 of Iran'.s South Pars.

Total would be the first major Western enterprise to invest in Iran’s energy sector after the removal of sanctions against the country in 2016.

North Drilling Company specializes in drilling oil and gas wells in the Persian Gulf. Caspian Sea. Turkmenistan and the Iranian provinces of Khuzestan. Ilam and Bushehr.

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.