Iranian Offshore Oil Company (IOOC) has revealed plans to invest an estimated $14billion to develop six fields in the Persian Gulf, according to the company’s managing director.
Mahmoud Zirakchianzadeh disclosed that IOOC intends to develop the Farzad A and B plus Soroush, Esfandyar, Tossan, and Alfa fields. He added that, over the past two years, as much as $20billion worth of deals have been signed. Some $14billion worth of new deals for these six fields have been prepared and will apparently be offered to contractors.