VOL. XLV

No 3

21-January-2002

IRAN

Statoil Seeks Stake In South ParsPhases 6, 7 And 8 As Enterprise Tests Second Appraisal Well

Norways Statoil is negotiatingwith Irans Petropars, operator of the South Pars Phases 6, 7 and 8 offshorefield development, to take a major equity stake in and potentially assumeoperatorship of the project. The National Iranian Oil Company (NIOC) awardedthe $2.65bn Phases 6, 7 and 8 development to Petropars, but the company has subsequentlyrun into funding difficulties...