Oil Contract

NISOC, Schlumberger sign MoU, NDA to study 3 oil fields

Shana– The second Memorandum of Understanding (MoU) and Non-Disclosure Agreement (NDA) was signed by the National Iranian South Oil Company (NISOC) and Schlumberger within framework of the NISOC contract.

Based on the MoU and NDA, the two sides will launch feasibility study on Asmari, Bangestan and Khami reservoirs in Rag Sefid field, Asmari reservoir in Parsi Field and Asmari and Bangestan reservoirs in Shadegan Field.

Signatories to the MoU and NDA were the NISOC Managing Director Bijan Alipour and Schlumberger Production Manager Antony Bowman.

Schlumberger, which is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry,  used to be active in Iran prior to sanctions and is now getting prepared to return and resume cooperation with the Iranian Oil Industry in the post-JCPOA era.

On announcement and confirmation of Minister of Petroleum Bijan Zanganeh, four fields, including Parsi, Karanj, Rag Sefid and Shadegan, consisting nine reserves, have been specified to undergo development based on the NISOC contract. With the MoU signed on Sunday, Schlumberger will launch studies on three of the fields.

The first MoU and NDA based on the NISOC contract were signed by the NISOC and Pergas Consortium, consisting 11 European, Canadian, Asian and Sharif University of Technology, last week to study two fields, including Karanj field, consisting Asmari, Pabdeh and Khami reservoirs, and Shadegan field, consisting Asmari and Bangestan reservoirs.

More than 60 Iranian and foreign companies have announced readiness for talks with the NISOC on the NISOC contract and up to so far, 33 companies out of the total have entered talks.

The NISOC managing director had already announced that his company is going to sign several MoUs by December 20.