Insight
Iran upstream tenders: Big Oil best placed to pre-qualify
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Iran's NIOC has opened the pre-qualification process for foreign oil and gas companies to participate in its upstream tenders. Scores will be awarded according to credit rating, scale of production, experience in international projects, and technical capability. Scoring is particularly weighted towards company financial health and technical capability – particularly increasing recovery rates. The biggest players will pre-qualify comfortably. However, it will be important to score high to secure an invitation to bid on the highest profile projects. We believe only five players will be able to bid on all projects. Which companies are best placed to pre-qualify?
Table of contents
- Executive summary
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Strong focus on company financial health and high recovery rates
- We estimate the projects on offer will require more than US$140 billion of investment
- Increasing oil recovery rates is Tehran’s top priority
- Credit rating is important but not essential
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Who will pre-qualify?
- What are the minimum requirements?
- Which companies will make the long list?
- Conclusion
- Appendix
Tables and charts
This report includes the following images and tables:
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Upstream MoUs signed with NIOC as of 3 November 2016Capital investment requirements by project category. Total = US$140 billionMiddle Eastern selected fields' recovery ratesPre-qualification criteria for Iran's tender roundsRepresentative score for typical companies
What's included
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