NISOC, Pergas Consortium sign oil MoU

Ahvaz, Khuzestan prov, Nov 23, IRNA - National Iranian South Oilfields Company (NISOC) and International Pergas Consortium signed oil MoU and confidentiality agreement (CA) on Wednesday in Ahvaz city. The MoU and the confidentiality agreement aim at studying Karanj oil field and Shadegan oil field. The confidentiality agreement is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties. It is a contract through which the parties agree not to disclose information covered by the agreement. NISOC Managing Director Bijan Alipour said that the agreement with Pergas was signed following 60 sessions of discussions with 33 domestic and foreign consortiums. Pergas is a consortium of European, Canadian and Asian firms as well as the Sharif University of Technology of Iran and is to carry out studies over the two Iranian oilfields. Alipour added that four oilfields and nine reserves have been ceded to NISOC. 1378/IRNA