Iran, Norway, Switzerland kick off oil talks

TEHRAN, Jan. 17 (MNA) – An Iranian official said Sun. the RIPI has launched a fresh round of talks with a Norwegian and a Swiss-German oil company active in the field of smartifying oil reserves.

Mohammad Keramati, head of the Research Institute of Petroleum Industry (RIPI), said the country has started a fresh round of negotiations with two international companies active in the field of smartifying oil reserves.

One of the sides to the negotiations is a Swiss-German company that has international acclaim and experience in building smart inflow control valve (ICV) equipment, he said.

“The Swiss-German company has expressed its readiness to begin its cooperation with the RIPI,” he added.

Keramati further referred to the RIPI’s oil talks with a Norwegian company, saying the company has a lot of experience in the field of horizontal and directional drilling.

According to Kermati, the Norwegian company in collaboration with another Norwegian firm has successfully managed to complete a project on the world’s most extended reach drilling (9 miles); he added that the RIPI has held negotiations with this company and invited it to participate in a project on designing and constructing horizontal drilling in thin, low-permeable layers.

“Soon, the RIPI will hold further talks with representatives of these two European companies,” he said.  

 

MS/3026199

 

News Code 113646

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