Iran, Norway, Switzerland kick off oil talks

TEHRAN, Jan. 17 (MNA) – An Iranian official said Sun. the RIPI has launched a fresh round of talks with a Norwegian and a Swiss-German oil company active in the field of smartifying oil reserves. Mohammad Keramati, head of the Research Institute of Petroleum Industry (RIPI), said the country has started a fresh round of negotiations with two international companies active in the field of smartifying oil reserves. One of the sides to the negotiations is a Swiss-German company that has international acclaim and experience in building smart inflow control valve (ICV) equipment, he said. “The Swiss-German company has expressed its readiness to begin its cooperation with the RIPI,” he added. Keramati further referred to the RIPI’s oil talks with a Norwegian company, saying the company has a lot of experience in the field of horizontal and directional drilling. According to Kermati, the Norwegian company in collaboration with another Norwegian firm has successfully managed to complete a project on the world’s most extended reach drilling (9 miles); he added that the RIPI has held negotiations with this company and invited it to participate in a project on designing and constructing horizontal drilling in thin, low-permeable layers. “Soon, the RIPI will hold further talks with representatives of these two European companies,” he said.