83740
Pasargad Energy Development Company will be commissioned to drill 126 wells in Jofeir and Sepehr fields.
Pasargad Energy Development Company will be commissioned to drill 126 wells in Jofeir and Sepehr fields.
Sunday, March 18, 2018

NIOC to Sign IPC Deal With Domestic Firm

Direct and indirect costs of the plan are projected to amount to $413 million and $242.7 million respectively
The 20-year contract will be the first IPC-based deal signed between NIOC and a domestic company
Sunday, March 18, 2018

NIOC to Sign IPC Deal With Domestic Firm

In line with policies to help expand domestic companies' scope of exploration and production operations, the National Iranian Oil Company will finalize an agreement with Pasargad Energy Development Company to develop two oilfields, namely Jofeir and Sepehr in Khuzestan Province, within the framework of Iran Petroleum Contracts, the country's new model of contracts for oil and gas projects.
According to NIOC's news portal, the signing ceremony is expected to be held in Tehran on Sunday in the presence of the two companies' chiefs, including NIOC’s CEO Ali Kardor and PEDC's CEO Mehdi Mir-Moezzi.
The 20-year contract will be the first IPC-based deal signed between NIOC and a domestic firm and marks Iran's third deal within the newly-developed framework.

Premium

To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/Qq9Kmc
03/18/2018
  1. https://goo.gl/eetHzh
  • https://goo.gl/yLpBSX
  • https://goo.gl/cc3Cdy
  • https://goo.gl/32Wxjh
  • https://goo.gl/khhrNW

You can also read ...

South Pars Phase 14 platform
The first offshore platform of South Pars Gas Field's Phase 14...
Laying the 290km gas pipeline needs an investment of €245 million ($300 million) and will be completed by March 2020.
Iran’s defense and oil ministries signed a contract on Monday...
Britain, South Korea in Talks to Safeguard Crude Trade
Britain and South Korea are in talks to protect an arrangement...
Brent, WTI Prices Dip as US Rig Count Increases
Oil prices dipped on Monday as a rising US rig count implied...
OPEC, Non-OPEC Conformity Hits 149%
The Organization of Petroleum Exporting Countries and...
Egypt Eyes $10b in Hydrocarbon FDI
Egypt aims to attract foreign investments in the oil and gas...
NIDC Outlines Plan for Expanding Operations
Bidding in international tenders, expanding foothold in...

Add new comment

Trending

Googleplus