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
 - Russia's Gazprom Cuts Gas Condensate Exports as Tax Bill, Tariffs Bite (May 17)
 - Russia's Gazprom Says Construction of Turkish Steam Begins (May 8)
 - Russian Official: Belarus Will Pay Russia Over $720 mln in Gas Debts (Apr 3)
 Company: Total S.A.more info
 - ExxonMobil, Total Discuss Offshore Drilling Opportunities In Greece (May 19)
 - Total Expands Oil Search Offshore West Africa With Mauritanian Deal (May 12)
 - Exxon, Petrobras Said to Hold Talks on Wide-Ranging Partnership (May 9)
 Company: ENImore info


 - Eni to Build Crude Oil Refinery in Nigeria -Oil Minister (May 9)
 - Eni Shuts Down Oil Center At Major Italy Field After Local Order (Apr 18)
 - Eni Paid No Intermediary, Bribes To Acquire Nigeria Oilfield (Apr 13)
 Company: PETRONASmore info


 - Malaysia's Sarawak State Govt Seeks 10 Pct Stake in LNG Train (May 22)
 - Malaysia's Petronas Chemicals Posts Higher Profit (May 15)
 - Razor-Thin British Columbia Vote Gives Greens Sway on Energy (May 10)
 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


 - Lukoil Finds Oil at Iraq Well (Feb 22)
 - Japan's Inpex Sticks To Australia Ichthys LNG Output Target (Feb 10)
 - Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project (Jan 16)
 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


 - BASF Sees Role of Oil and Gas Unit Declining Further (May 12)
 - Norway Awards 56 Oil And Gas Licences In Mature Areas (Jan 17)
 - Total, Shell, Eni Eligible to Bid for New Iran Oil, Gas Projects (Jan 3)
 Company: CNPCmore info
 - 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)
 - Abu Dhabi Awards China's CEFC 4% Of Oil Concession For $900MM (Feb 20)
 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
 - Sources: Chevron Exploring Sale Of Canada Oil Sands Stake Worth About $2.5B (Apr 13)
 - Shell Confirms More Than 200 Workers to be Cut from Norwegian Operations (Apr 3)
 - Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks (Mar 30)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Lead Logistics Specialist
Expertise: Logistics Management
Location: Denver, CO
 
Lead Logistics Specialist
Expertise: Logistics Management
Location: Denver, CO
 
Senior Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $54.15/BBL 0.51%
Light Crude Oil : $51.47/BBL 1.45%
Natural Gas : $3.22/MMBtu 3.30%
Updated in last 24 hours