VOL. XL
No. 19
12-May-1997
IRAN
UK-Canadian Venture Poised To Secure DevelopmentContract On Balal Offshore Oilfield
While a definitive contract remains to be signed and financing details have yetto be worked out, it appears that the National Iranian Oil Company (NIOC) has chosen UK engineersPell Frischmann and Canada's Bow Valley Ltd. to carry out the development of the 40,000 b/doffshore Balal oilfield. Signature of the deal would bring to two the number of buy-back contracts inplace with...
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