Saipem signs third MOU for work in Iran

Saipem has entered a memorandum of understanding (MOU) with Razavi Oil & Gas Development Co., Tehran, about possible cooperation in the development of Toos natural gas field 100 km northeast of Mashhad, Iran.

Saipem SPA has entered a memorandum of understanding (MOU) with Razavi Oil & Gas Development Co., Tehran, about possible cooperation in the development of Toos natural gas field 100 km northeast of Mashhad, Iran.

The MOU is the third Saipem has signed with Iranian entities this year.

The Italian company said Toos field has more than 60 billion cu m of gas in place and capacity to produce 4 million cu m/day. The development would involve the drilling of 5-7 wells and design and construction of production, transportation, and processing facilities.

In January, Saipem signed an MOU with Parsian Oil & Gas Development Co. about possible cooperation in revamping and upgrading the 110,000-b/d Tabriz refinery and planned, 120,000-b/d Pars Shiraz condensate refinery to be linked with the 60,000-b/d Shiraz refinery.

Also in January, Saipem signed an MOU with National Iranian Gas Co. on possible cooperation on two natural gas pipelines, IGAT 9 and IGAT 11, with combined lengths of 1,800 km.

More in General Interest