The National Iranian Oil Company has assigned Iran Marine Industrial Company (SADRA) the task of completing the third development phase of the South Pars Gas Field's oil layer, managing director of NIOC said on Wednesday.
“SADRA will be assisted by an international company whose name cannot be disclosed yet due to US sanctions," Mohsen Khojastehmehr was also quoted as saying by the Oil Ministry’s news agency Shana.
The 20-year contract between SADRA and NIOC is worth $500 million and entails horizontal drilling in the oilfield, he added.
According to the official, due to the layer's complicated geological structure, qualified companies need to implement enhanced oil recovery techniques from the beginning of their operation as the field’s heavy crude has an API of 22 degrees, while light oil’s API stands at 40.
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