Jun 20, 2017, 2:00 PM

Italy to conduct development studies in 2 Iranian fields

Italy to conduct development studies in 2 Iranian fields

TEHRAN, Jun. 20 (MNA) – As per an MoU, development studies of Kish gas field and Phase 3 of Darkhoin oilfield were handed over to Italy’s Eni oil industry company.

The MoU-signing ceremony between National Iranian Oil Company (NIOC) and Eni S.p.A of Italy was attended by NIOC Managing Director Ali Kardor.

The cooperation agreement pertains to conducting development studies over one gas and one oil field in Iran by the Italian multinational oil and gas company headquartered in Rome.

The deal was sealed by Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri as well as Antonio Vella, Chief Upstream Officer of Eni.

Meanwhile, under the provisions of the Memorandum of Understanding, Eni is committed to carry out development studies over Kish gas field and Darkhoin oil field within a six-month period on an inclusive basis.

Ghadir Investment Company and Philippine National Oil Company had previously inked a Memorandum of Understanding (MoU) for development study of Darkhoin field.

On the other hand, study of Kish gas fields has been assigned to Royal Dutch Shell oil industry company as well as Russia’s Gazprom.

HA/4009759

News ID 126051

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