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Danish firms keen to join in Iran's oil and gas projects

Xinhua, November 24, 2016 Adjust font size:

Denmark's ambassador to Iran Danny Annan said Thursday that Danish firms are prepared to transfer technology and invest in Iran's oil and gas industry, reported Iran's Petro Energy Information Network (SHANA).

Annan called for enhanced cooperation between Tehran and Copenhagen in the oil and gas sectors, stressing that Danish companies are keen to work in Iran's offshore gas and oil projects.

He made the remarks during a meeting between a visiting delegation of Danish entrepreneurs and Morteza Emami, managing director of Industrial Projects Management of Iran.

Annan referred to developing Iranian-Danish relations in the aftermath of Iran's nuclear deal, saying that Copenhagen is interested in win-win projects with Tehran in the energy field.

On Oct. 19, deputy director of the National Iranian Oil Company (NIOC), Gholam-Reza Manuchehri, said Iran was discussing with the Danish business conglomerate, Maersk Group, the extraction of oil from the world's largest gas field, part of which is located in Iran, known as South Pars.

Negotiations were held with Maersk for developing the second phase of the South Pars oil layer, said Manuchehri.

"Using modern technologies and horizontal drilling in view of the heaviness of the oil at the South Pars layer are the most important development scenarios for this oil field, which is shared with Qatar," he said.

Apparently, the NIOC plans to drill 300 wells at the South Pars oil layer, which requires Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) technologies to reach crude oil.

Manuchehri said only a few international companies possess these technologies, with Maersk Group considered a "powerful" candidate for developing the South Pars oil layer. Endit