Iran planning to license more Persian Gulf blocks

Iran plans to stage a licensing round for 14 exploration blocks in July, according to news service Shana.

Offshore staff

TEHRAN, Iran – Iran plans to stage a licensing round for 14 exploration blocks in July, according to news service Shana.

Seven will be in the Persian Gulf and Zagros areas.

Saleh Hendi, exploration director at National Iranian Oil Co. (NIOC), said at least six of the blocks should lead to development agreements with foreign investors.

He added that OMV,Lukoil, and CNPC have shown interest in the blocks that cover more than 80,000 sq km (30,888 sq mi) and are in six sedimentary areas.

In another Shana report, NIOC’s deputy head Gholam-Reza Manouchehri said Iran was in talks with foreign companies on financing the planned offshore/onshore pipeline that will export natural gas to Oman.

The two countries signed an agreement in 2013 for delivery of gas over a 15-year period.

05/08/2018

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