Iran hands over oil field's development study to Singapore| MENAFN.COM

Wednesday, 29 June 2022 12:41 GMT

Iran hands over oil field's development study to Singapore


(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 18

By Fatih Karimov– Trend:

Another foreign company will take part in development studies of Dalpari oil field, located in Ilam province, south western Iran.

The National Iranian Oil Company (NIOC) signed a non-disclosure agreement (NDA) with Singapore's Berlanga ‎‎company to study the oil field.‎

Under the deal, which was signed by Shyngys Kulzhamov, director of Berlanga UK, and Gholamreza Manouchehri, deputy head of the NIOC for development and engineering affairs, the Singaporean firm will undertake studies on development of Dalpari Oilfield and will submit the study results and development proposals to the NIOC.

NIOC has already signed similar agreements with Austria's OMV and Thailand's Thailand's PTT Exploration and Production company.

Earliear in August, Thailand's PTT submitted its study results on the field to the NIOC.

West Oil and Gas Production Company, one of the Iranian Central Oil Fields Company (ICOFC) subsidiaries, affiliated with the NIOC is Dalpari's operator.

The oil field's production is delivered to Cheshmeh Khosh operation zone through 28-kilometer, 8 and 6-inch pipelines.

Dalpari's development is among the projects offered to foreigners by ICOFC, within the framework of new designed contracts, called Iran Petroleum Contract (IPC).

The Dalpari oilfield, which was discovered in 1978, is located 210 km northwest of Ahwaz, near Dehluran to Abdanan road. The initial production from the field started in 1999. It has 3 wells with a production of 14,000 barrels of oil per day. Dalpari contains 367 million barrels of in-situ oil reserves, with API of 14.

The field's dimension is 9.3 x 3 kilometers.

In recent months Iran has handed over the study of several oil and gas fields to foreign companies under non-disclosure agreements (NDA).

ICOFC itself is, offering about 30 percent of total offered oil and gas projects to foreigners in framework of IPC, with a total value of above 10 billion euro.

A daily average of 100,000 barrels of crude oil is currently produced by ICOFC, and the figure is planned to double in two stages and reach 350,000 barrels per day by 2021.

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