9 contracts signed with local firms for maintaining, enhancing oil production

SHANA – The National Iranian Oil Company (NIOC) subsidiaries signed 9 contracts with local developers for maintaining and enhancing the production capacity of a number of Iranian oil and gas fields.

The deals were signed on Tuesday in a ceremony that was attended by Iranian Minister of Petroleum Bijan Zangeneh, and are valued at a total of 1 billion dollars.

By signing the deals, the fate of 9 packages of a total of 33 packages was determined. The total number of 33 projects are estimated to cost 6 billion dollars in three years.

National Iranian South Oil Company (NISOC) signed contracts for the projects of Kaboud, Gachsaran Khami, Lali Asmari and Nargesi with the companies of Pars Energy-Gostar Drilling & Exploration (PEDEX), National Iranian Drilling Company (NIDC), Petro Gohar Farasahel Kish (PGFK), and Dana Kish Drilling Company.

NISOC also signed two other contracts for developing Mansouri Asmari and Ramshir project with Oil Industries’ Engineering and Construction Company (OIEC).

Furthermore, the Iranian Central Oil Fields Company signed deals for developing Danan, Saadat Abad and Naft Shahr projects with MAPNA Group, Global Petro Tech kish E&P Company and the NIDC.