The Iranian National Oil Company has recently entertained offers regarding the final stages of the local Fares Gas Field located in Southern Iran.
According to a report in Al-Wefaq daily, the first offer is related to the development of the 9th and 10th stages, aimed at the production of 105 million cubic meters of natural gas and 160,000 barrels of oil per day. The second offer consists of the 11th and 12th stage of development.
The company welcomed bids from both individuals as well as consortiums. The total area of the Fares Gas Field is 3,700 square km. –(Albawaba-MEBG)
