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Licensing Rounds for Two Iran Oilfields under way

 Licensing Rounds for Two Iran Oilfields under way

Sunday، 21 October 2018 | Article Rating

TEHRAN (Shana) -- Head of the contracts affairs at the Iranian Offshore Oil Company (IOOC) said proposals for bidding in projects aimed at enhancing the production capacity of Resalat and Forouzan offshore oilfields were being considered by the company.

 

Salman Khosravi said on Wednesday, referring to signing a contract to maintain and increase the production capacity of Sivand, Esfand and Dena fields by IOOC, said the company was considering tenders for two other fields.

Four packages of 34 working packages defined in a bid to maintain and enhance the production capacity of oilfields in Iran concern IOOC which is currently considering proposals for licensing rounds of Forouzan and Resalat offshore oilfields.

He said the company was keen on the maximum utilization of domestic capacities in all the contracts, in particular contracts for maintaining and increasing oil production capacity of oilfields.

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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