The two majors signed a memorandum
of understanding (MoU) for developing the field in March.
Besides TATNEFT, NISOC has
signed similar documents with other companies for developing the field.
The Shadegan oil field is an
oil field located in Khuzestan Province, in the south west of Ahvaz City. It
was discovered in 1968 and the production was started after installing
production facilities in 1988. The field has 23 km in length 6 km in width
and includes two Asmari and Bangestan reservoirs and currently with 20 active
wells, oil production is about 69,000 barrels per day (11,000 m3/d).
TATNEFT is one of the largest
Russian oil companies, being an internationally recognized vertically