Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects

Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects
The National Iranian Oil Company (NIOC) revealed that several European oil and gas companies will be eligible to bid for the country's new oil and gas projects.

The National Iranian Oil Company (NIOC) revealed Tuesday that several European oil and gas companies will be eligible to bid for the country’s new oil and gas projects.

The list of energy firms included European majors such as Total S.A, Royal Dutch Shell plc, Eni S.p.A and Gazprom. A number of ‘major newcomers’, as described by the NIOC, were Wintershall, Maersk, DNO and CEPSA. 

Britain’s BP plc and Norway’s Statoil ASA did not appear on the list of included energy companies.

Iran plans to award new projects to the companies it has qualified through a new format of oil sector contracts. As part of this new system, NIOC will set up joint ventures for crude oil and gas production with international companies, which will be paid with a share of the output.

Different stages of exploration, development and production will also be offered to contractors as an integrated package, with the emphasis laid on enhanced and improved recovery. The new format is replacing buyback deals, under which the host government agrees to pay a contractor an agreed price for all volumes of hydrocarbons the contractor produces.

In addition to the European companies it deemed eligible, NIOC also stated that a number of Asian players would be allowed to bid for new oil and gas projects. These companies include CNPC, Inpex, KOGAS and Petronas. A total of 29 companies were qualified to bid on Iran’s future energy developments.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

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
 Company: OAO Gazprommore info
 - EU Court Rejects Polish Bid To Halt Opal Pipeline Deal, Verdict In 2019 (Jul 21)
 - New UK Listing Rules Set to Attract State Companies Beyond Aramco (Jul 17)
 - Hungary Commits to Russia Gas Route as Poland Looks to US (Jul 7)
 Company: Total S.A.more info
 - Total, BP Unit, YPF Boost Investment in Argentina's Vaca Muerta (Jul 18)
 - Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet? (Jul 18)
 - S.Korea's Hanwha Total Says Naphtha Cracker Shut After Lightning Strike (Jul 17)
 Company: ENImore info


 - Mexico Delays Next Oil Auction to Let Huge New Find Sink In (Jul 17)
 - Trump Administration Approves Eni Plan To Drill Offshore Alaska (Jul 13)
 - Total To Drill For Gas Off Cyprus Despite Collapse Of Peace Talks (Jul 12)
 Company: PETRONASmore info


 - Malaysia's Petronas Halts $29B Western Canadian LNG Project (Jul 25)
 - Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT (Jul 21)
 - Malaysia's Petronas Cautious On 2017 Even As Quarterly Profit Doubles (Jun 2)
 Company: NIOCmore info
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 - IRNA: NIOC Helicopter Crashes in Caspian Sea (Nov 28)
 - Sources: India Set To Buy Iran Oil For Emergency Reserves (Sep 20)
 Company: DNOmore info


 - KRG Delivers Payments to Genel, DNO, Gulf for Tawke, Shaikan Production (Jan 23)
 - DNO Makes Oil Find in Kurdistan Region of Iraq (Jan 9)
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 Company: Inpexmore info


 - Inpex Says Floating Unit For Australia LNG Project To Set Sail Soon (Jul 10)
 - Lukoil Finds Oil at Iraq Well (Feb 22)
 - Japan's Inpex Sticks To Australia Ichthys LNG Output Target (Feb 10)
 Company: CEPSAmore info
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 - Algeria Oil And Gas Output On The Rise (Jun 26)
 - CEPSA Commences Drilling at Tarach-1 in Kenya Block 11A (Apr 15)
 Company: Wintershallmore info


 - Libya's NOC, Wintershall Strike Interim Deal To Resume Output (Jun 13)
 - BASF Sees Role of Oil and Gas Unit Declining Further (May 12)
 - Norway Awards 56 Oil And Gas Licences In Mature Areas (Jan 17)
 Company: CNPCmore info
 - China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow (May 26)
 - China to Complete Russia Pipeline Sections by End-2018 -Official (May 16)
 - China, Saudis Said to Discuss CIC, CNPC Stake in Aramco IPO (Mar 16)
 Company: Kogasmore info
 - S.Korea's KOGAS Says Interested In U.S. Shale Gas Projects (Feb 10)
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 - Eni Board Authorizes Investment for First Phase of Coral Discovery (Nov 18)
 Company: Royal Dutch Shell plcmore info
 - Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate (Jul 20)
 - Shell To Sell Stake In Corrib Gas Field In Ireland For $1.23B (Jul 12)
 - Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands (Jul 11)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
 
Foreman Fleet Operations
Expertise: Logistics Management|Operations Management
Location: Midland, TX
 
Environmental Inspector
Expertise: Environmental Engineer|Regulatory Compliance
Location: Williamsport, PA
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours