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Carrying out field studies in Iran

January 16, 2002, 11:00 CET

Statoil has entered into a cooperation agreement with the state-owned National Iranian Oil Company (NIOC) for field studies relating to increased recovery from three oil fields in Iran.

The Ahwas, Bibi Hakimeh and Marun are major fields, and together they produce around 1.5 million barrels of oil per day. This is about half the daily oil production from the Norwegian continental shelf.

Statoil and NIOC will carry out field studies and gather data. Another participant in this work will be the national research institution, Ripi.

Iranian authorities consider Statoil to be a world leader in improved oil recovery, based for instance on the results the group has achieved on the Norwegian continental shelf.