Baku, Azerbaijan, Jan.31
By Leman Zeynalova – Trend:
German BASF’s Wintershall oil and gas exploration subsidiary strictly follows all national regulations in Iran, a source in Wintershall told Trend.
”Wintershall has been active in the Middle East for years. We are therefore closely following the developments in the region, also in Iran. We strictly follow all national and international legal regulations,” noted the source.
The source pointed out that In order to prepare for possible further activities in the region, Wintershall signed a Memorandum of Understanding (MoU) in 2016 with the National Iranian Oil Company (NIOC) on potential future cooperation.
Details of the MoU are subject to confidentiality, added the source.
Wintershall has recently submitted its study results on Dehloran oil field’s development to NIOC.
The preliminary plan of the German company is based on materializing NIOC’s targeted oil output in the field and its maintenance.
Wintershall signed a memorandum of understanding (MOU) with the NIOC in April 2017 to carry out studies for development of Dehloran oil field and submit the study results and development proposal to the NIOC.
Dehloran oil field is located 120 kilometers from west of Dezful, Khuzestan Province, and its development project includes major maintenance and remedial treatments on old oil wells, drilling new wells as well as construction of new desalination units.
The field contains 5.2 billion barrels of in-situ oil reserves, with API of 30.
---
Follow the author on Twitter: @Lyaman_Zeyn
