Mehr News Agency reported that Iran’s Oil Exploration Operations Company has signed 2 contracts with Russian Lukoil and Malaysian Petronas to carry out projects in Uzbekistan.

Mr Hasan Mohammadi Moqaddam MD of OEOC said that the company has inked USD 15 million deal with Lukoil to conduct 3D seismic operations in Uzbekistan's Gissar oil block within 12 months. He added that “We also inked USD 20 million contracts with Petronas to implement similar operations in Surkhansi oil block within 53 weeks.”

The official further said that the OEOC will be responsible for analyzing the data from the exploration operations.

(Sourced from Mehr News Agency)