January 11th, 2008
Via Shana (Iran’s Petroenergy Information Network), news that the National Iranian Oil Company (NIOC) and Italian company Edison SpA signed a contract on the exploration of Dayyer Block, an 8,500 square kilometer area that comprises one of 17 offshore blocks in the Persian Gulf. Edison will invest $107 million dollars in the exploration. According to the article:
“…NIOC had already announced that the contracts of three exploration blocks [two others in addition to Dayyer] would be inked by the end of the current Iranian calendar year (March 19, 2008).
“A consortium comprising Austrian company OMV, Turkey’s oil distributor Petrol Ofisi, and Iranian company Petropars will be in charge of exploration operations in border Danan block and a consortium consisting of a British company and Iranian Offshore Engineering and Construction Company (IOEC) will be responsible for exploration of offshore Laleh Block,” said the NIOC official.
Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.