The private engineering company will be supervising all drilling activities by the rigs and associated geology studies. Its activities will include running tenders for subcontracting work. The contract, which runs out in late 2010, is extendable by one year.
CIOFC is the state company in charge of Iran's central oilfields in and near the Zagros region, and produces about 150,000 barrels per day - about 4% of National Iranian Oil Company's (NIOC) overall output capacity.
National
