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BBC Monitoring Service: Oil giants rush to purchase Iran blocks documents – official

May 06, 2007

Text of report in English by Iranian Mehr news agency in English

Oil giants rush to purchase Iran blocks documents

Tehran, 5 May: Fourteen oil giants have so far purchased the tender documents of 17 Iranian oil blocks, said a National Iranian Oil Company (NIOC) official here Saturday.

Hossein Roshandel, NIOC deputy director for exploration affairs, added 62 information packages have been purchased.

The Anglo-Dutch Shell, Frances Total, Brazils Petrobras, Malaysias Petronas, Spains Repsol, and Austrias OMV were among the bidders, said the official, however refusing to name the purchasers.

Roshandel said at least 450 million is needed for exploratory operations.

Of the blocks, five are offshore and 12 onshore, spreading across nine provinces in a 129,000km area.

Quchan, Naft-Shahr, Ilam, Danan, Fassa, Bandar Abbas, Razi, Maraveh, Tappeh, Moghan 1 and 2, Kavir, Alvand, Ferdowsi, Laleh, Taban, and Deir constitute the 17 blocks.

Companies may purchase tender documents at varying prices, but the maximum price is 38 thousand.

Iran expects to attract 46 million for the blocks, Roshandel said.

Iran introduced 17 oil blocks for exploration and development during a February meeting in the Austrian capital Vienna.

Source: Mehr news agency, Tehran, in English 1750 gmt 5 May 07

BBC Monitoring
 

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