Robert Weener, Chief Executive of Shell Development Iran B.V. and Francesco Bastagli, UNDP Head Coordinator, sign the cost share agreement for developing nation Oil Spill Contingency Plan

As Shell Development Iran B.V. launched early production phase of Soroosh oil field offshore at the Persian Gulf, it also signed another agreement – this time with UNDP. The following details of both events indicate that Shell is industrially and socially busy in Iran:

Right on Schedule: On November 14, 2001, exactly two years after signing the Soroosh/Norooz buy-back agreement with National Iranian Oil Company (NIOC), Shell Exploration B.V., a subsidiary of Shell Development Iran B.V., started oil production operations on behalf of NIOC at Soroosh Oil Field.
Located 50 km from Kharg Island, the two offshore oil fields of Soroosh and Norooz were severely damaged during Iran-Iraq war and Shell committed itself to continue development of the two fields based on a phased out buy-back contract.
The Early Production Phase required installation and commissioning of temporary production equipment, platform, pipeline and floating terminal at Soroosh Field. The oil exploited from two horizontal wells is processed and transferred via a 5-km pipeline to a floating tanker with 2 million barrels of capacity before being exported via other tankers.
The targeted output of the early production phase is 60,000 barrels per day of oil exploited from Soroosh Field. Shell operates all installations of early production phase on behalf of NIOC.
The permanent installations for Soroosh and Norooz fields will include wells, pipelines and floating tankers used in early production phase. Once fully commissioned, all installations will be delivered to NIOC as the main operator.