Pars Oil & Gas Company announces IOOC plans to drill 17 wells in Persian Gulf

Monday, Dec 10, 2012

Exploration manager at Iranian Offshore Oil Company (IOOC) says 17 wells will be drilled in Persian Gulf waters with the aim of identifying new hydrocarbon reserves.

Speaking to Shana Mansour Ghaibihayat said IOOC had two packages of drilling in the agenda  to appraise the situation of oil and gas fields located in the Persian Gulf. He continued drilling would be carried out not only in existing operational fields but also in those fields their development had not been started yet.

‘Determination the status of shared oil and gas fields is another reason behind drilling program’, the official said.

According to Gharibihayat the company has signed a head of agreements (HOA) with Petro Iran Company on drilling 12 wells while a private company, that its name was not disclosed, will be in charge of drilling another 5 wells.

‘Before starting drilling we have gathered a lot of information on hydrocarbon reserves in the Persian Gulf through conducting three dimensional seismic operations and our drilling program is based on those information’, IOOC’s official noted.

Hayat noted that drilling operations would continue for 3 to 4 years.

Source: Pars Oil & Gas Company

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