VOL. XXXV

NO. 51

21-SEPTEMBER-1992

Iran

Iran's NIOC Signs South Pars Gasfield Development Contract with Saipem/TPLConsortium

Iran's NIOC has signed a $1.7bn contract with an Italianled consortium forthe development of the huge South Pars offshore gasfield. The South Pars field -which contains reserves of 100 trillion cu. ft. of gas and 3-4bn barrels ofcondensate - is an extension in Iranian waters of the even larger North gasfieldin offshore Qatar. The Italian firms leading the contracting...