An Iranian university pledges to help significantly boost recovery rate at the country’s Azadegan oilfield.

Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), says Total, Royal/Dutch Shell, CNPC and Inpex have presented the results of their technical surveys over the development of Azadegan oil field.

The two countries will soon sign an agreement to jointly invest in two oil fields shared between them.

Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, says a host of European giants are bidding for the development of its South Azadegan oil field.

Pertamina signed an MoU with the National Iranian Oil Company last August to conduct joint studies on Mansouri and Ab Teymour fields.

Japan’s largest upstream company has announced that it will consider bidding to develop Iran’s huge oil field.

Total sealed a deal in November to develop Phase 11 of South Pars but there have been reports that the company was having second thoughts about the plan.