One of the first oil fields likely on tap for post-sanctions contracts in Iran is on schedule for further exploration and production work, a director said. SHANA, the Iranian oil ministry’s news website, said the National Iranian Drilling Company secured the right to drill 20 wells over the next two years in the South Azaegan oil field. China National Petroleum Corp was contracted to help develop the Azadegan complex, one of Iran’s largest oil fields. It straddles the border with Iraq. The Iranian side complained about the lack of the deployment of drilling rigs from China and the CNPC contract for development was later torn up because the company wasn’t meeting Iran’s expectations […]