"The association submitted a general plan for the development of
the Jofeir field for consideration by the Iranian side, and on May 5 the
National Oil Company of
In the near future the sides plan to start talks to sign a contract
for participation by the Belarussian side in the development of the
Jofeir field.
industry in the autumn of 2006 during a visit by a Belarussian
government delegation to
remote oil production at Jofeir field under the memorandum.
Belorusneft Deputy General Director for geology Valery Beskopylny
said
those terms the national oil company, which owns the field, would draft
an economic and engineering plan. The Belarussian company acting as the
general contractor would invest in the business plan in a given period
and conduct exploration and drilling. "As a rule this takes about eight
years," Beskopylny said. Then the general contractor either sells all of
the oil to the company that ordered the work and receives a profit or
receives the product as its own, thus paying for capital investment.
The Jofeir field is located in the border between
Iranian experts said it has capacity for 30,000 barrels of oil per day.
PIN/INTERFAX
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