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Eni firms up Iran deals with NIOC

Italian major clinches MoUs for appraisal studies over Kish and Darkhovin fields, Shana says

Eni is to seek out local and international partners for possible field developments in Iran after it signed deals to conduct surveys over a pair of fields.

The Italian major penned the memoranda of understanding with National Iranian Oil Company (NIOC) in Tehran on Tuesday, the Oil Ministry’s official website Shana reported.

The signature of the deals had been expected after Iranian media reported on Monday that Eni was on the verge of clinching the MoUs.

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The deals related to appraisal studies over the Kish offshore gas field and the Darkhovin onshore oilfield.

It represents a return to Darkhovin for Eni, which had been developing it. Petroleum Engineering & Development Company (Pedec)recently said the field will be upgraded to its peak phase two production level of 160,000 barrels per day.

Eni and Pedec are negotiating over a phase three development to raise output to about 220,000 bpd, but the two sides have yet to settle a debts dispute over previous work by the Italians.