Osuli ,managing director of the Khazar Exploration and Production Company

Iran to Unveil 4 Caspian Oil Development Projects

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Iran to Unveil 4 Caspian Oil Development Projects
Iran is going to unveil four projects related to oil fields in its Caspian Sea waters, said the managing director of the Khazar Exploration and Production Company (KEPCO).
Iran is going to unveil four projects related to oil fields in its Caspian Sea waters, said the managing director of the Khazar Exploration and Production Company (KEPCO). “Four exploration, production, and development projects including development of Sardar Jangal field will be introduced to participants of the upcoming Iran Petroleum Contracts conference” which will be held in Tehran on November 28-29, Ali Osuli told Shana. Two projects will be on exploration and the remaining two on production and development of the fields, he added. Due to the fact that deepwater drilling technology is not available to all companies, the KEPCO CEO said, “We have to use the services of foreign companies in such projects.”
Nov 8, 2015 14:06
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KEPCO amid many other companies is a subdivision of National Iranian Oil Company (NIOC) founded in January 1998. KEPCO is an authority in exploration, development and production of oil and gas in Iran concerning South Caspian Sea and three littoral provinces of Golestan, Mazanderan and Gilan in Iran. KEPCO supervises all the contracts signed by local and international companies regarding exploration and development of hydrocarbon reserves in the area including the pertinent environmental matters. KEPCO is committed to the development of Caspian Sea oil and gas reserves as well.