Iran to Offer South Pars Oil Project at London Conference


DUBAI, Aug 27 (Reuters) - Iran will offer a project to extract oil from its South Pars gas field, the world's largest, along with three other gas fields at a conference in London later this year, an Iranian official was cited as saying by Iran's Press TV on Thursday.

Development of the South Pars oil layer will be offered to foreign investors at the conference where Iran is due to unveil its new contract model, Ali Akbar Shabanpour, managing director of Pars Oil and Gas Company (POGC) said, according to Press TV.

The project is estimated to hold 7 billion barrels of oil in reserves. Iran will also offer North Pars, Golshan and Ferdowsi gas fields for development at the same conference, Shabanpour said.

(Reporting by Bozorgmehr Sharafedin and Rania El Gamal; editing by David Clarke)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Lab Technician
Expertise: Production Engineering
Location: California, 
Drilling Engineering Manager - Delaware Basin
Expertise: Drilling Engineering|Drilling Manager|Engineering Manager
Location: Midland, TX
United States Williston: Engineer - Cementing
Expertise: Cementing|Petroleum Engineering
Location: Williston, ND
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours