Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian oil and gas industry.

So far, National Iranian Oil Company (NIOC) has signed spot contracts for crude sales to Lotos S.A. and PKN Orlen while negotiations have also begun with another Polish oil giant for investment in Iranian oil and gas industry.

Managing Director of National Iranian South Oil Company (NISOC) Bijan Alipour, while pointing to the held talks with a Polish firm over implementing developmental projects and boosting recovery factor in southern Iranian oilfields, announced that senior officials of a Polish oil and gas refinery will travel to Iran late January to finalize talks with Iran.

Moreover, National Iranian Oil Company (NIOC), in a statement released last week, affirmed adequacy of 29 international oil and gas companies willing to put in tenders for Iran’s upstream oil sector with the name of Poland’s PGNiG SA on the list.

Poland’s biggest refiner PKN Orlen announced a major purchase of crude oil from Iran thus becoming the latest company to join the already long list of European clients of Iranian oil.

What’s more, NIOC and PGNiG have recently signed into a Memorandum of Understanding (MoU) for development of Sumar field in west Iran.

In the same line, Deputy Head of NIOC for Development and Engineering Affairs Gholamreza Manouchehri has described the deal with the Polish over Sumar oilfield saying “PGNiG will conduct studies in the field for six months before making a proposal and a contract will be inked in case both side reach agreement.”

Chairman of Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) Peter Wozniak referred to the age-old history of ties between Iran and Poland stressing that his company had returned to Iran after a six-year hiatus, “given our outstanding experiences in Pakistan and Norway, we will hopefully succeed in development of Sumar field.”

From 2006 to 2010, PGNiG held several talks with Iranian Offshore Oil Company (IOOC) for expansion of Lavan gas field in the Persian Gulf and eventually refused to cooperate with NIOC after years of using delaying tactics.

Bordering Iraq in the west of Kermanshah province, Sumar oil field was discovered in 2009 and is believed to hold an in-place reserve of 475 million barrels of which 70 million barrels is recoverable.

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Aiming at attracting maximum investment and modern technology, Iran’s Oil Ministry, in addition to introducing new model of oil contracts, dubbed as the Iran Petroleum Contract (IPC), has allowed National Iranian South Oil Company (NISOC) to prepare its own specific model for oil contracts.

The model of contract based on which the NISOC has signed several Memorandums of Understanding with international companies was drawn up an aim to attract foreign investment and new technologies.

Speaking on the sidelines of a meeting with Iranian companies, Managing Director of NISOC Bijan Alipour said his company was conducting meetings with qualified Iranian and foreign firms.

He urged domestic firms to pick up foreign partners in order to take advantage of financial resources and modern technologies for cooperation and development of Iranian oil fields.

He voiced optimism towards outcomes of meetings and expressed hope that a number of Memoranda of Understanding (MoUs) will be inked.

He said two MoUs had been signed with Pergas Consortium and Schlumberger in the framework of the NISOC contract model; “talks are underway with BP (British Petroleum), Argentina’s largest oil company YPF in addition to China’s Sinopec and CNPC.”

Alipour also pointed to the upcoming visit of PGNiG (literally: Polish Petroleum and Gas Mining) officials to Tehran in order to begin negotiations with NISOC.

Based on the NISOC contract, the Parsi, Karanj, Rag Sefid and Shadegan fields, consisting nine reservoirs, will be developed.

The nine reservoirs consist Asmari, Pabdeh and Khami reserves in Karanj field, Asmari, Bangestan and Khami reservoirs in Rag Sefid field, Asmari reservoir in Parsi field and Asmari and Bangestan reservoirs in Shadegan field.

Under the contract model, National Iranian Oil Company (NIOC) will be the employer and the NISOC will be executive leading the project on behalf of the NIOC.

The contractor of the project or the qualified Iranian or foreign oil companies will have to finance the projects.

NISOC contracts comprise two types including Contracts for Enhanced Oil Recovery (EOR) or Improved Oil Recovery (IOR) as well as Performance Based Contracting (PBC), also known as performance-based logistics (PBL).

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The MOU was signed in Tehran by Gholamreza Manouchehri, the deputy managing director of NIOC for development and engineering affairs, and Piotr Wozniak, the managing director of PGNiG.

According to Manouchehri, the Polish side should conduct the studies and provide the results to NIOC within a six-month period.

The final decision for development of the field will be made after obtaining the results of studies; NIOC intends to put the development project on tender, the official stated.

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