Iran upstream tenders: Big Oil best placed to pre-qualify Report

Insight 04 November 2016

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*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?

Executive summary
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
Who will pre-qualify?
- What are the minimum requirements?
- Which companies will make the long list?
Conclusion
Appendix