DAR AL ISLAM - IRAN: 14 OIL GIANTS PURCHASE "17 IRANIAN OIL BLOCKS"

Oil giants rush to purchase Iran blocks doc.

LONDON, May 7 (IranMania) - “Fourteen oil giants have so far purchased the tender documents of 17 Iranian oil blocks,” said a National Iranian Oil Company (NIOC) official, MNA reported.

Hossein Roshandel, NIOC deputy director for exploration affairs, added 62 information packages have been purchased.

The Anglo-Dutch Shell, France’s Total, Brazil’s Petrobras, Malaysia’s Petronas, Spain’s Repsol, and Austria’s OMV were among the bidders, said the official, however refusing to name the purchasers.

Roshandel said at least €450 million is needed for exploratory operations.

Of the blocks, five are offshore and 12 onshore, spreading across nine provinces in a 129,000km area.

Quchan, Naft-Shahr, Ilam, Danan, Fassa, Bandar Abbas, Razi, Maraveh, Tappeh, Moghan 1 and 2, Kavir, Alvand, Ferdowsi, Laleh, Taban, and Deir constitute the 17 blocks.

Companies may purchase tender documents at varying prices, but the maximum price is €38 thousand.

Iran expects to attract €46 million for the blocks, Roshandel said.

Iran introduced 17 oil blocks for exploration and development during a February meeting in the Austrian capital Vienna.


Pertinent Links:

1) Oil giants rush to purchase Iran blocks doc.