International Oil Companies ( IOCs) have presented technical surveys for the development of the Azadegan oil field, according to Pipeline.
Iran is looking to ramp up its crude output with 37bb of oil. Production is currently around 80,000b/d from Azadegan . The field is Iran’s largest, shared with its neighbor Iraq and part of a string of oil fields in the West Karoun block in the southern oil-rich Khuzestan Province. It is located in southern Iran, 80 km west of the Khuzestan provincial city of Ahvaz. The block includes North Azadegan, Yaran, Yadavaran and Darkhoveyn fields, holding an estimated 67bb of oil in place.
Iran’s Petroleum Engineering and Development Company’s (PEDEC) CEO, Noureddine Shahnazizadeh, said “France’s Total, Japan’s Inpex and Malaysia’s Petronas have submitted their findings along with development proposals for the giant South Azadegan field,” Financial Tribune informed.
Shahnazizadeh added that some other companies like Royal Dutch Shell, Italy’s Eni, and China National Petroleum Corporation (CNPC) are also interested in the tender for development of the oil field.