National Iranian Oil Company (NIOC) and the Russian Tatneft signed a Memorandum of Understanding (MoU) in Tehran for feasibility studies on development of Iran's Dehloran oil field, iranian Shana reported on October 8, 2016.
Signatories to the deal were Deputy Minister of Petroleum and Managing Director of NIOC Ali Kardorand and Director General of Russian Tatneft Nail Ulfatovich Maganov.
Addressing the signing ceremony, Director General of Tatneft Nail Ulfatovich Maganov introduced the capabilities of his company for doing the project and said that his company is active in various oil industry subsidiaries, including the upstream and downstream activities.
Oil extraction, enhanced oil recovery, oil refining, manufacturing of machinery and equipment are among the expertise of Tatneft, Maganov was quoted as saying.
Tatneft uses specialized forces and takes advantage of the latest technologies in oil industry, Maganov said.
He voiced satisfaction for cooperating with the NIOC, expressing hope that the agreement will prepare the ground for future cooperation.
Dehloran oil field is 22 km to the southwest of Dehloran city in Iran's Ilam province and contains about 5 billion barrels of oil reserves.
Deputy Managing Director of NIOC Gholam-Reza Manouchehri said that field development study might be entrusted to several companies.
«So (Russian) Tatneft Company should present the best offer in the shortest possible time, while taking the ongoing atmosphere into consideration,» Manouchehri told a ceremony, where the NIOC and Tatneft signed an MoU for Dehloran field development study.
The official said the new model of Iranian oil contracts have been devised based on the buy-back contracts and the distinction is that certain aspects are developed with an aim to meet interests of the either party.
Manouchehri said Enhanced Oil Recovery (EOR) is one of the main goals of the NIOC in the new oil contracts. «The model of contracts, especially those concerning the fields that are getting operational, is a suitable model.»
He said that foreign companies should concentrate all their technological potential and technical know-how in the fields, being subject to the contract, on Iran. «The contract will not only guarantee long-term interests of Iran but will also be profitable for the group of foreign companies that have high potential and technical know-how and use the capability in Iranian oil and gas fields.»
Regarding the long-record of Tatneft activity in the EOR, Manouchehri asked the Russian company to hold a workshop in Iran on the issue and outline their experience. «Tatneft should open up its office in Iran as soon as possible.»
To read this news in Russian.