3 Europeans countries offer Iran to work on Caspian hydrocarbon

EghtesadOnline: Companies from Norway, the Netherlands, and the United Kingdom have expressed willingness to work with Tehran on oil and gas projects in the Caspian Sea.

News ID: ۷۳۶۳۹۷

31 August 2016

They have requested a chance to explore the area and develop possible fields, regarding which a number of meetings have been held, Deputy CEO of the National Iranian Oil Company Qolamreza Manuchehri said.

According to ILNA, Iran has offered 4 projects at the Caspian Sea_ blocks 24, 26, and 29 as well as Sardar-e Jangal oil field_ to foreigners for exploration and development.

Iran divided its exploration aria in the Caspian Sea to 46 blocks, 8 of which are of priority. Iran carried out 3D seismic operations in 4000 square kilometers of the Caspian Sea at blocks 6, 7, 8, and 21 from 2003 to 2005.

Iran also announced in 2012 that while drilling a 1,000-meter well below the surface of the Caspian Sea by Amir Kabir drilling rig, the country found a gas field at the depth of 700 kilometers.

A year later Tehran announced the field (Sardar-e Jangal) was in fact an oil field with a gas layer. The Amir Kabir drilling rig’s crane crashed in March 2015 in the mentioned field. Baku has the necessary equipment to repair the crane.