May 22, 2018 18:24

NISOC Efforts to Develop 4 Major Oilfields on Track

NISOC has signed eight memoranda of understanding on studying four hydrocarbon reservoirs with domestic exploration and production companies

In case the fields' development is granted to domestic contractors, there would not be any obligation to partner with foreign firms

The National Iranian South Oil Company's efforts to boost output from four oilfields, namely Shadegan, Rag Sefid, Karanj and Parsi in the southern Khuzestan Province, are on the right track, NISOC's director of technical affairs said.
"NISOC has signed a total of eight memoranda of understanding on studying hydrocarbon reservoirs, four of which have been signed with domestic exploration and production companies," Ahmad Mohammadi was also quoted as saying by ISNA on Tuesday.
NISOC has been assigned with the development of four oilfields that have a total of nine reservoirs.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

National Iranian South Oil Company (NISOC)