No. 43



International Companies Submit Bids To Develop Irans Bangestan Project

Shell, Eni, TotalFinaElf and Lasmo have all submitted bids to work on one or all of the three fields to be developed further under Irans Bangestan project, while BP is expected to submit a bid shortly. This follows the decision by the National Iranian Oil Company (NIOC) to fast-track the project, which will involve gas injection to enhance oil recovery from the Bangestan formation of the...