Iranian Oil And Gas Industries Development Company (IDRO-Oil) has signed o, a memorandum of understanding (MoU) with Russia's Zarubezhneft for carrying out studies on Iran's Susangerd oilfield, the company reported on February 17, 2018.
Following the signing of the document, IDRO-Oil managing director said his company has signed a MoU with NIOC for carrying out studies on the field. Accordingly, IDRO-Oil has signed this deal with Russian company and Austria's Hot Engineering as advisor for providing master development plant (MDP) of the project.
Given the measures taken so far for developing the project, IDRO-Oil will probably submit the result of its studies to NIOC by March, said CEO of the company Nasrollah Zarei. He further emphasized the necessity of attracting investors and selecting a reliable foreign partner, adding, the company has held talks with numerous companies which have led to signature of the MoU with Zarubezhneft.
According to Zarei, based on the talks between IDRO-Oil and Zarubezhneft, a joint specialized task force will be set up at the earliest possible time, and in the event of a final agreement between the 2 companies, they will engage in negotiations with NIOC for signing a final contract.
Susangerd oil field, located 45 km off the southwestern city of Ahwaz, is among the newly-discovered oilfields in Iran and according to preliminary estimates, will have the capacity of producing 30,000 b/d of crude oil. Zarei also said that an investment of $900 mln will be needed for developing the field.
