Iran Greenlights 29 Firms For Upstream Tenders

Iran has qualified 29 international firms to bid for upstream projects under its new Iran Petroleum Contracts (IPC). Firms from more than a dozen countries are included, with Japan the most represented.

The National Iranian Oil Company (NIOC) published a list of 29 IOCs on 2 January which have been qualified to bid for upstream assets under the terms of the new IPC. The first tender is planned to take place in the next three months and Iranian officials maintain that the 50,000 b/d South Azadegan will be offered first.

The deadline for submitting pre-qualification documentation was pushed back twice from 19 November to 10 December. Shortly before the deadline, on 5 December, NIOC Managing Director Ali Kardor said 50 firms had submitted documents – this has now been whittled down to 29.

The qualified firms will be permitted to bid for contracts under the IPC terms. NIOC has released a list of 50 oil and gas fields which will be offered, but this is being expanded to 52. Iran will now be offering a further two key border fields under the IPC – 80,000 b/d North Azadegan and 115,000 b/d Yadavaran. It had previously stated that it planned for phase 2 work at both fields to be undertaken by China’s CNPC and Sinopec – the respective incumbents – under buyback contracts. (CONTINUED - 1176 WORDS)

DATA INSIDE THIS ARTICLE

chart Japan's Imports Of Iranian Oil Set For Five Year High ('000 B/D)
table Iocs Qualified For Upcoming Tender Round
table Oil And Gas Fields To Be Offered Under The Iran Petroleum Contract