NISOC to Ink New Deals on Oil Production Maintenance, Enhancement

TEHRAN (Shana) -- An official with the National Iranian South Oil Company (NISOC) said the company had planned to sign three contract packages for oil production maintenance and enhancement in 28 reserves operated by NISOC.

Sadegh Fatholahi, director of technical affairs at NISOC, told reporters on Wednesday that the packages were valued at a total of Rls. 39,000 billion and would be signed in the near future.

NISOC has devised 27 investment packages for oil production maintenance and enhancement in 28 reserves it operates. So far, it has signed the contracts concerning 6 packages for such fields as Mansouri, Lali, Ramshir, Kaboud, Gachsaran and Nargesi.

The total investment needed for developing the projects is estimated at $4.4 billion, the official said.

The three new packages that will be signed concern Maroun 4 and 1 districts, Zilaei in Masjed Soleyman and Siahmakan in Gachsaran, said Fatholahi.

News Code 292104

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