National Iranian Oil Co. (NIOC) plans to offer 23 offshore and onshore blocks to stimulate new exploration activity in Iran.
According to news service Shana, the blocks, covering 108,000 sq km altogether, will be made available for interested Iranian and foreign investors.
Five in the Caspian Sea (11,625 sq km in total) hold total estimated in-place resources of 191.8 Bbbl of oil and 738 Tcf of gas.
