OREANDA-NEWS. June 5, 2008. The joint Belarusian-Iranian oil company “Belpars Petroleum Company Ltd” (BPC) has completed preliminary testing of one of the exploratory wells in the Jofeir oil field. The results showed that both the well and the oil deposit have a big potential. A set of hydraulic research will be conducted in the near future.

The specialists of the joint venture will carry our repair works on another well. A tender has been held to choose the company which will perform the whole range of preparation and engineering works in the Jofeir oil deposit.

A reminder, Belorusneft signed a service contract for development of the Jofeir oil field in Tehran in September last year. BPC was set up then. The deposit is estimated at 2.1 billion barrels. In line with the contract, the Belarusian company is to ensure that 15,000 barrels should be produced on a daily basis in the course of the first phase of the project.

Founded in 1966, production association Belorusneft is part of Belneftekhim. It prospects and develops oil fields, drills wells, extracts oil and associated petroleum gas.