Based on the deal, the consortium will have 6 months to hand over the result of its studies on the fields to the NISOC. Pergas may submit its proposal for development of the fields sooner if it is ready.
Over 60 companies are currently in talks with the NISOC for cooperation with the company under the new framework of the contracts.
The nine reserves include Asmari, Pabdeh and Khami in Karanj field, three reserves in Asmari, Bangestan and Khami in Rag Sefid field, Asmari field in Parsi field and two reserves of Asmari and Bangestan in Shadegan field.
NISOC contracts are part of a basket of contracts that is operational in nature, while its purpose is development of reserves and using enhanced recovery methods.