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Winners of tenders for phases 15 and 16 of Iran's South Pars oil and gas fields to be announced soon

Tehran, Nov 16, IRNA -- Winners of tenders for development of phases 15 and 16 of the South Pars oil and gas field are to be announced within the next 15 days.

The English-language daily 'Tehran Times' on Tuesday quoted an official of the Iran Shipping and Offshore Industries Complex Company (ISOICO) as saying the winning bidders for development of phases 17, 18, and 20 will be announced before the end of the current Iranian year (March 20, 2005).

The bid price is between 2.2 to 2.5 billion dollars, added the OSOICO's Oil and Gas Sector Director Ahmad Mehri.

He disclosed that five groups of companies took part in the first bidding -- ISOICO, a number of foreign companies from the UK, Japan, Korea and some domestic companies.

The second group was made up of the Industrial Development and Renovation Organization of Iran (IDRO) and Petropars Company in cooperation with a foreign company.

Sadra Company in collaboration with a Dutch company made up the third group while Technique Company in cooperation with O1 and Marine Installations Company made up the fourth. Mostazafan and Janbazan Foundation (MJF) along with a Russian company made up the fifth group that participated in the bidding, Mehri said.

The envelopes containing the bidders' proposals for phases 15 and 16 were opened last Thursday and reviewed by the contractor, the official further acknowledged.

He added that ISOICO won first place in the technical part of the bidding.

In another development, Deputy Oil Minister for Planning Akbar Torkan on Monday said that the phases 15 to 20 of the South Pars gas field produces sweet gas and that both will definitely go on stream during the Fourth Five-Year Plan.

Torkan put the capacity of the six phases at 150,000,000 cubic feet and said "the Fourth Five-Year Development Plan aims to raise 250,000,000 cubic feet of gas from the South Pars field."

Referring to the discussions held earlier between the Majlis and the Oil Ministry on the subject of finding an alternative to royalty fees, the official said "the ministry has not yet introduced any alternative to the royalty fee."

... Payvand News - 11/16/04 ... --

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