National Iranian Oil Co, Thailand's PTTEP Agree To Oilfield Studies

Reuters

BEIRUT, Dec 6 (Reuters) - National Iranian Oil Company (NIOC) and PTT Exploration and Production Public Company Limited (PTTEP) signed a memorandum of understanding on Tuesday to carry out preliminary studies of three oil fields in Iran.

PTTEP, an oil and gas exploration and production company based in Thailand, will carry out preliminary studies over Changuleh, Balal and Dalpari oil fields in the south, Iran's oil ministry's news agency SHANA reported.

SHANA quoted Prapat Soponpongpipat, executive vice president of PTTEP as saying that he was hopeful it would lead to at least one contract for an oil field.

(Reporting by Bozorgmehr Sharafedin, editing by Louise Heavens)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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