Maersk: No agreement yet on developing Iran’s South Pars oil layers

Denmark’s largest oil operator, Maersk Group says it continues talks with Iran to take part in possible oil projects, but no agreement has been reached so far.

Iran’s semi-official Fars news agency reported March 15 that the high-ranking Iranian oil ministry officials have been holding secret talks with Maersk Group prior to holding official tenders for the development of the South Pars oil layers.

Fars also claimed that the Danish company has accepted and welcomed Iran’s business proposals.

Responding to a question regarding the issue, Charlotte Holst, the Maersk Group spokeswoman, told Trend March 16 that the company is negotiating with Iran, but the details cannot be shared.

Iran remains a potential market for new business activity of the Maersk Group, said Holst.

“We see the lifting of international sanctions against Iran as a positive step for international business development,” she noted, adding Maersk will continue its dialogue with Iranian authorities on possible projects.

“At this point, no new business activity has been agreed, and we cannot share further details,” she added.

The South Pars is the world’s biggest gas field with 30 trillion cubic meters of gas reserves. Iran is currently seeking a foreign partner to develop the oil layer of this giant gas field.

The field is divided into four sections – A1, A2, B and C. Estimated oil production for all of them is 65,000 barrels per day. Drillings have been completed and production is waiting for a floating storage and offloading vessel (FPSO).

Maersk has experience in building FPSOs. It has in recent years invested in two new world-class FPSOs, of which the first unit was delivered in 2008 and is operating offshore Australia. The second unit was delivered in 2010 for its use offshore Brazil.

Source: TREND