Shell Returns to Iran With Deal to Assess Oil and Gas Fields
- Company to evaluate Azadegan, Yadavaran, Kish projects
- Iran wants Shell to invest in fields and boost recovery rates
An oil drilling rig of the Azadegan fields sits in wetlands, in Iran.
This article is for subscribers only.
Royal Dutch Shell Plc signed an agreement to assess three of Iran’s largest oil and gas fields as OPEC’s third-biggest producer looks to boost output with the help of international companies.
Shell signed a memorandum of understanding to evaluate the Azadegan and Yadavaran oil fields near the Iraqi border, and the Kish gas deposit in the Persian Gulf, Gholam-Reza Manouchehri, deputy director of the National Iranian Oil Co., said at a signing ceremony in Tehran on Wednesday.