Hamid Bovard said the company has been tasked by the National Iranian Oil Company (NIOC) with the development of four of NIOC’s 35 production preservation and improved oil recovery (IOR) projects.

He said the four projects include the offshore Siri, Reshadat, Resalat and Forouzan oilfields, adding the successful bidder of Siri’s production maintenance projects will be announced by late May.