TEHRAN, Iran – Iranian Offshore Oil Co. (IOOC) is in talks with companies from France, Italy, Norway, and Ukraine on increasing output from oil fields in the Persian Gulf, according to news service Shana.
“A Norwegian-Austrian group has finalized the master development plan for [the] Esfandyar oil field and is ready to start work based on Iran’s new oil contract models,” said IOOC managing director Saeid Hafezi.
IOOC is also working with a Ukrainian company on ways to boost output from the Dorud oil field using acid liquids, he added. The company is looking to increase production from Iranian offshore fields by 800,000 b/d over the next five years.
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