Iran has opened pre-qualification for oil fields under its Iran Petroleum Contract (IPC) as of 17 October. Applications must be submitted by 19 November and the successful companies will be announced on 7 December. The National Iranian Oil Company (NIOC) has not announced which fields will be offered initially, except for confirming that the South Azadegan field will be the first to be offered.
NIOC Managing Director Ali Kardor announced on 17 October that a tender for the 42bn barrel field, currently producing around 60,000 b/d, is planned for next month, before pre-qualification concludes. The winner is expected to be announced in early 2017. (CONTINUED - 914 WORDS)