Iran schedules upstream tender for Feb. 15

Iran has set its long-delayed tender for upstream oil and gas projects for Feb. 15. It’s the first such tender since international sanctions were lifted from the country in early 2016.

Iran has set its long-delayed tender for upstream oil and gas projects for Feb. 15. It’s the first such tender since international sanctions were lifted from the country in early 2016.

Twenty-nine companies have been qualified to participate (OGJ Online, Jan. 3, 2017).

“The plan was to hold the first tender at the end of January, but it is postponed and has been set to be on Feb. 15,” said Ali Kardor, managing director of National Iranian Oil Co., during a press conference.

He said the delay has been caused by incomplete information from some of the participating companies. “BP has not yet sent its information to us.” Kardor explained. “Although we said this is an official process and you need to enter your information, they haven’t done it.”

Other recent deals with international companies signed by Iran include a preliminary agreement with Total SA for a $4.8-billion project to develop an offshore gas field at South Pars, which Iran shares with Qatar; and agreements to develop two oil fields with Gazprom PJSC, and to examine development of other oil fields in the country alongside Royal Dutch Shell PLC.

Iran has increased its production to 3.9 million b/d from 2.6 million b/d in 2013.

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