Two Russian firms are reportedly preparing bids and technical proposals to develop the Shadegan oil field in southern Iran, according to Trend News Agency.

“Within the next two to three months, it will be certainly clear which companies have been selected to develop the Shadegan field,” said Jahangir Pourhang, director of the Marun Oil and Gas Production Company – a subsidiary of the National Iranian South Oil Company (NISOC).

“Two Russian companies, along with their two Iranian partners, are preparing their technical proposals,” he continued.

The Shadegan oil field currently has 20 active oil wells and produces 7,000 barrels of crude per day.

In 2017, Tatneft signed a memorandum of understanding with the NISOC to conduct oil field development studies at Shadegan. Schlumberger and Zarubezhneft have also signed agreements to survey the oil field.