Lukoil and NIOC will mutually enhance beneficial cooperation in basin modeling and analysis of the petroleum systems in different regions.
Tehran/Iran — A Lukoil wholly owned subsidiary, Lukoil-Engineering, and the National Iranian Oil Company (NIOC) recently signed a Memorandum of Understanding (MoU). The parties to the memorandum expressed their interest to mutually enhance beneficial cooperation. This implies basin modeling and analysis of the petroleum systems of northwest areas of the Persian Gulf, the Abadan plateau and the South Caspian basin.
In additon to this, Lukoil-Engineering and NIOC will exchange all the necessary data to study the areas, and establish a joint working group.