Iran, Norway Signed MoU on Oil

National Iranian Oil Company (NIOC) and Norwegian company DNO signed Memorandum of Understanding (MoU) to launch exploration at Changoleh oilfield on Wednesday afternoon.

News ID: 70411

Date: 20 November 2016 - 12:14

The MoU was signed by Deputy head of NIOC Development and Engineering Department Gholam Reza Manouchehri and Managing Director of DNO Company Bjorn Dale, MANA correspondent reported.

In the signing ceremony, Manouchehri said that Changoleh and Azar oilfields have common structure and hoped that the Norwegian partner would present its feasibility studies during six months.

He remembered good cooperation between NIOC and Norwegian Statoil Company and said that the MoU may lead to development of interaction between NIOC and DNO.

Bjorn Dale expressed pleasure with the opportunity to work with NIOC.

Given certainty for structural similarity of Changoleh and Azar oil fields, Changoleh in the framework of development operation by the new oil contracts has been given priority.

Changoleh oil field located in western province of Ilam 50 kilometers southeast of Mehran city 10 to 15 kilometers from Iran-Iraq comon border.