Iran, Norway discuss petroleum collaboration

Offshore staff

TEHRAN, Iran – A Norwegian delegation has met executives of Khazar Oil Co. to explore petroleum cooperation, following the lifting of sanctions on Iran’s nuclear program.

According to Iranian news service Shana, Khazar Oil Co. caretaker Farhang Khatibi referred to past cooperations between Iranian and Norwegian companies, and called for further talks between oil companies from both nations.

Khazar Exploration & Production Co. is responsible for exploration, development, and production operations of gas and oil resources offshore the southern Caspian region.

The South Caspian Exploration Study, covering the entire South Caspian up to the Apsheron sills, was completed in November 2001. It identified around 46 structures potentially holding promising exploration prospects. Khazar has since discovered oil in deepwater in the Caspian Sea, but Iran is said to need outside technical assistance to extend its deepwater operations.

01/20/2016

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