18 April 2024
Total seals Iran gas deal
Publication date: 03 July 2017
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Total has become the first oil and gas major to sign an Iranian petroleum contract (IPC) with the aim to develop phase 11 of South Pars, the world’s largest offshore gas field, the French major said on Monday.
The signing of the 20-year contract with the National Iranian Oil Company (NIOC) comes eight months after the two parties signed a heads of agreement (HoA) to develop the South Pars 11 project (SP11), which will produce 2 Bcf/d of gas and supply the domestic market from 2021.