China to offer North Azadegan MDP next week

 

TEHRAN, May 18 (Shana) – Contractor of North Azadegan development plan said Chinese developers are to present the field’s master development plan (MDP) as soon as possible.

Keramat Behbahani told Shana that production of crude oil has started from phase I of the field but the phase II development is being talked with Chinese developers, and they are required to offer the MDP by early next week.

He said technical talks are still under way with two Chinese developers and phase II development of the oilfield will continue based on the primary contract which was in the buyback framework.

By SHANA