Two major Russian companies, Rosgeologia and Lukoil, together with the National Iranian Oil Company (NIOC), have started a new round of studies on geological and geophysical oil and gas exploration in Iran, Mehr News Agency reported.

Lukoil will study the condition of hydrocarbon oil traps and subsurface geological structures in West Karun oilfields in the southern Khuzestan Province and Abadan Plain. The NIOC’s exploration management had previously announced that the value of the exploration project with  Lukoil stands at about $6m and is to be fully provided for by the Russian company.

Rosgeologia will develop studies related to seismic results of a number of gas and oil fields in Iran in order to make necessary preparations for exploration, according to Hellenic Shipping News.