He said an MoU with the Schlumberger will be signed within the next week.
The consortium comprises 11 European, Canadian and Asian firms as well as the Sharif University of Technology and has signed the NDA for holding studies on Karanj (Asmari, Pabdeh, and Khami oil deposits) and Shadegan oilfields (Asmari and Bangestan reserves).
Minister of Petroleum Bijan Zanganeh has spent a long time on investigation of the framework of NISOC's new framework of oil contracts.
The deals consider development of four fields of Parsi, Karanj, Rag Sefid and Shadegan, including nine oil reserves, are specified for development based on the contract after announcement and confirmation of the Minister of Petroleum.
The four fields were selected for the purpose due to the recovery coefficient, enhanced recovery and integration of the reserves.