Iran Ready to Sign $2 Billion in Development Contracts
Iranian Oil Minister Bijan Zanganeh said the country is ready to sign contracts worth $4 billion for the development of the Azadegan and Bangestan oil fields. Production from these two projects could boost Iran's output by 400,000 barrels per day.
A Japanese consortium led by Inpex is expected to sign a $2 billion development contract for the Azadegan field in July. Total and BP have been short-listed to bid for the Bagestan field.
Production from Bagestan would add 100,000 bpd and production from Azadegan would add 300,000 bpd.
Operates 32 Offshore Rigs
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Company: Total S.A. more info
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Company: Inpex more info
Operates 1 Offshore Rigs
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