The National Iranian Oil Company (NIOC) and Malaysia's Bukhary International Ventures (BIV) have signed an agreement to conduct studies over Iran's Golshan and Ferdowsi fields, a report said.

BIV is expected to submit the result of its studies to NIOC within a period of seven months, reported Iran Daily, citing Shana.

The two fields hold gas and oil but the recovery of gas and its transfer to onshore facilities will be studied by BIV, Gholamreza Manouchehri, NIOC's deputy of development and engineering, was quoted as saying in the report.