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Iran in oil talks with Norwegian, Swiss-German firms on oil reserves

Home »  News »  Iran in oil talks with Norwegian, Swiss-German firms on oil reserves

Head of Reservoir Studies and Field Development Department of the Research Institute of Petroleum Industry (RIPI) said on Sunday that talks were held with Norwegian and Swiss and German companies to smartify oil wells and horizontal drilling in thin, low permeable layers.

Mohammad Karamati said that strengthening cooperation with major oil companies is a priority for development of technology for oil reservoirs.

He said that the Swiss-German company has experience in building internal control valve system (ICV) and has so far undertaken various projects in the field. It has expressed its readiness for cooperation with Iran.

Promoting cooperation with foreign companies and using modern technologies for exploration and development of oil and gas fields are among Iran’s programs in post-sanctions era.

Cooperation with foreign firms will help Iran get access to financial resources as well as knowledge for designing and building modern equipment.

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