The mentioned contracts were inked by 2 NIOC subsidiaries namely the Iranian Offshore Oil Company (IOOC) and the National Iranian South Oil Company (NISOC), as employers, and 8 domestic companies for the maintenance of the production level and increasing recovery factor of several oil fields.
The awarded fields are located in various provinces including Bushehr, Fars, Khuzestan, Kohgiluyeh-Boyer Ahmad as well as Hormozgan provinces. Accordingly, 7 contracts for the development of Golkhari, Gachsaran 3 and 4, Binak, Bibi Hakimeh, Soulabdar, and Lali Bangestan were signed with:
- Sina Energy Development
- Iranian Offshore Engineering and Construction Company
- Petroiran Development
- Mashin Sazi Arak
- Qeshm
- Maroun Oil and Energy Consortium
- National Iranian Drilling Company (NIDC)
- Jahanpars engineering and construction company
Since the reimposition of the U.S. sanctions, the Iranian Oil Ministry has been following a new strategy to encourage the country’s private sector to have a stronger role in the development of the country’s oil industry.
In this regard, NIOC has awarded several exploration and development projects to capable domestic companies in the past 2 years.
Back in August 2020, NIOC signed 13 deals worth €1.527 billion with domestic companies aiming to add 185,000 barrels per day to the country’s oil production capacity.
