EnergyOne has been present in Iran since 2013 and has built up a significant network and a sound understanding of the Iranian oil business with Authorities, local oil companies, service companies , vendors, support services, etc. as well as the political and legal frameworks, EnergyOne base in high-tech North Sea facilitates the transfer of technology from a high cost to a lower cost environment.
We have evaluated several field development opportunities in Iran, working with the National Iranian Oil Company on e.g. the development of the Esfandiar oil field on behalf of an oil company, having prepared the Master Development Plan, execution strategy etc.
The field is located in a proven area of the Persian Gulf, 95 km southwest of Kharg Island, in shallow water and close to existing infrastructure and several nearby producing fields.