Global Leader in International Oil and Gas Industry News

posted in:

  • Home>
  • Oil & Gas News
  • >
  • Middle East,
  • >
  • Pars Oil & Gas Company announces number of drilling derricks in South Pars to reach 20 by the end of current Iranian year (March 20, 2013)

Pars Oil & Gas Company announces number of drilling derricks in South Pars to reach 20 by the end of current Iranian year (March 20, 2013)

Wednesday, Nov 28, 2012

Oil Minister says there exists a planning for development of drilling activities in South Pars Field, adding there are already 13 drilling derricks operating in various sites of the field, and upon adding seven other units, the number of derricks will increase to 20 by the end of the year/ 
We have plans on hand to deploy 28 drilling derricks in South Pars Gas Field, and we hope this number will arrive at Persian Gulf Waters by the first half of the next Iranian year (up to Sept. 22, 2013), Eng. Rostam Qasemi added, in his statements addressed to members of Islamic Council Assembly’s Industry and Mine Commission in Pars Special Zone, according to POGC Public Relations.

Today, the drilling industry is totally in the powerful hands of Iranian experts and prototyping of many drilling equipment is carried out in onshore facilities, he noted, mentioning the localization of drilling technologies and equipment within the country.
We will also start the prototyping of some offshore drilling equipment in our country in near future, the Oil Minister noted.
Upon the development of 27 common oil and gas fields, the oil production will boost to 5.2 million barrels per day, with the gas production increased to 1.4 billion cubic meters per day, Qasemi underscored, mentioning the oil industry’s willpower to develop oil and gas common fields.

In order to develop South Pars phases, several contracts worth USD 68 billion have been concluded, and upon completion and operation of the phases, gas production in South Pars Common Field will reach 770 million cubic meters per day, he underlined regarding the volume of investment made in South Pars.

Source: Pars Oil & Gas Company

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

  • Home>
  • Oil & Gas News
  • >
  • Middle East,
  • >
  • Pars Oil & Gas Company announces number of drilling derricks in South Pars to reach 20 by the end of current Iranian year (March 20, 2013)

Other Oil & Gas News

Aker Solutions and Baker Hughes form subsea production alliance 23-04-2014
Gazprom to meet increased European demand and secure additional gas amounts for premium Asia-Pacific market 23-04-2014
Setting fair gas prices in Russia to boost domestic economy 23-04-2014
Rosneft head held Negotiations with Minister for Foreign Affairs of Mozambique 23-04-2014
A cold winter warms industry hearts and overshadows events in Europe 23-04-2014
Ennsub wins major contract to build two ultra-deepwater ROV deployment systems 23-04-2014
Seatronics invests to stay ahead in ROV tooling rental market 22-04-2014
Gastar Exploration To Host Investor Day In New York City On May 14 22-04-2014
Alaska moves one step closer to building gasline 22-04-2014
Summit Natural Gas completes 68-mile pipeline 22-04-2014