Exploration & Production

Iran should consider unitising its border fields – expert

Unitising gas fields that straddle Iran’s borders could help it save money and promote geopolitical stability Unitising gas fields that straddle Iran’s borders could help it save money and promote geopolitical stability.
By Verity Ratcliffe 13 July 2017 0 26747
South Pars Phase 12. Qatar and Iran have considered unitising the field in the past. (Pars O&G)

Iran should consider revisiting the concept of unitisation with its neighbours to smooth the development of oil and gas fields that straddle international borders, a former IOC executive has said. 

“Unitisation is a very interesting policy for Iran and the […] Gulf,” Pierre Fabiani, Iran representative for French oil and gas supplier council Evolen and former chief executive of Total’s Iran business, told the Fifth Iran International Oil, Gas, Energy & Petrochemical Summit 2017 in Rome on Tuesday.

Unitisation could save on costs, he said: “[The...