08-06-99 Iran will carry out seismological operations in the Gulf to explore oil and gas reserves with the assistance of the Norwegian oil group Norex, an Iranian oil official announced.
Director General of the National Iranian Oil Company (NIOC) Seyed Mahmoud Mohaddess said the operations will be launched very soon.
He said that NIOC has signed a contract with a consortium of Norex and Iran's Foundation of the Disabled and Oppressed to conduct the operations.
Under the non-exclusive contract, the operation will be conducted in an area of 100,000 sq. km, Mohaddess said.
The two-year project, which costs $ 80 mm, will be financed by Norex, he added.