Article: IRAN - The Exploration Blocks.

Sixteen of the 20 areas offered for exploration by foreign companies were divided into two groups. (The onshore and offshore fields on offer are listed in Part Two, in next week's Review). The Dara block, an extensive onshore/offshore exploration area in the northern part of the Gulf, was given to Saga Petroleum in July 1998 for joint study with NIOC under a 12-month accord. This only involves preliminary studies. The two sides are still far from concluding a comprehensive BBC. The area includes an undeveloped section of the offshore Hendijan oilfield, which is now producing 8,000 b/d and should be developed to 25,000 b/d (see Part Two). A 10,000 sq km offshore area in ...

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