NISOC, Pergas Consortium sign MoU and NDA

The National Iranian South Oil Company (NISOC) and International Pergas Consortium have recently signed Memorandum of Understanding (MoU) and Non-disclosure Agreement (NDA) to conduct a study on two Karanj and Shadgan fields.
Speaking on the sidelines of the signing ceremony, Managing Director of NISOC, Bijan Alipour stated that the company will ink a number of cooperation deals with international partners by mid-December. This is being the NISOC’s first NDA with the Pergas Consortium in the southwestern province of Khouzestan, the official said besides Pergas, talks are under way with the Polish Oil & Gas Company (PGNiG SA), Schlumberger, Austria’s MNV and Denico Consortium.
Based on the deal, the consortium will be given maximum of 6 months to hand over the results of its studies and also submit its proposed development plan on the fields to the NISOC.
The deals consider development of four fields of Parsi, Karanj, Rag Sefid and Shadegan, including nine oil reserves, are specified for development based on the contract after announcement and confirmation of the Minister of Petroleum.The nine reserves include Asmari, Pabdeh and Khami in Karanj field, three reserves in Asmari, Bangestan and Khami in Rag Sefid field, Asmari field in Parsi field and two reserves of Asmari and Bangestan in Shadegan field. The four fields were selected for the purpose due to the recovery coefficient, enhanced recovery and integration of the reserves.

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