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Russia's Lukoil eyes developing Iran's 2 giant oil fields

Russia's Lukoil eyes developing Iran's 2 giant oil fields Energy

Russia's Lukoil eyes developing Iran's 2 giant oil fields

 

While Lukoil is studying Iran's Ab-Teymour and Mansouri oil fields based on a confidentiality agreement, the Russian company is keen to develop these fields itself as well, Mehr reported.

Both fields are among the 49 fields which Iran offered to foreigners based on the newly designed model contracts, called the Iran Petroleum Contract or IPC.

 

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Oil fields

 

Type

Oil in place (BSTB)

Current production (b/d)

Total estimated production (KBbl/d)

API

Mansouri

Onshore

15.142

60,000

To be proposed by contractor

20-25

Ab Teymour

Onshore

15.258

60,000

To be proposed by contractor

22-22.5

Iran's Oil Minister Bijan Namdar Zanganeh held talks with Lukoil's CEO Vagit Alekperov on cooperation in the oil industry Sept. 19.

Lukoil has discovered Anaran oil block with 500 to 600 billion barrels of reserves, in Iran, which consists of several fields, including Changouleh and Azer, but Mehr reported Sep. 21 that the company is keen to develop Ab-Teymour and Mansouri fields, not other projects.

Iran is preparing to issue a tender on the mentioned two fields in the near future.

Mehr quoted Alekperov as saying that Lukoil is waiting for the finalizing of the IPC.

It is not clear whether Iran has agreed to sign a development agreement with Russian company out of tender or not.

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