Perspective of Iran-Russia energy deals
Iran and Russia’s Gazprom Neft signed a memorandum of understanding Dec.13 on two oil fields, bringing the total field number, delivered to Russian companies to be studied to 7. Six of them are brown, while only Dehloran is a green field (non-operational). The most important issue for Iran is increasing the recovery rate of these fields, which contain 43 billion barrels of medium and heavy oil in-situ reserves with 6-17 percent recovery rate on average. All of the mentioned fields, located in central and western regions of Iran, are among the 49 fields which Iran offered to foreigners based on the newly designed model contracts, called the Iran Petroleum Contract or IPC. Oil fields Oil in-situ (billion barrels) Current production (Thousand b/d) API Russian company Mansouri 15.142 60 20-25 Lukoil Ab Teymour 15.258 60 22-22.5 Lukoil Aban 0.138 9 21 Zarubezhneft West Paydar 0.952 28 18-20 Zarubezhneft Cheshmeh Khosh 3.