Drilling to Be Started in SP s Oil Layer Next Month
Drilling to Be Started in SP s Oil Layer Next Month
A drilling rig will start drilling operations in oil layer of the South Pars gas field in the Persian Gulf waters up to 20th May.

Managing director of Global Petro Tech Company, Mehdi Housaini, made the above remarks adding another drilling rig will start operations in South Pars phase 14 in next weeks therefore the number of company s drilling rigs operating in offshore sector will reach 8.

At present eight drilling rigs of the company are present in areas covered by National Iranian Offshore Oil Company (NIOOC) and Pars Oil and Gas Company (POGC), the official said.

Developmental plans of Ministry of Petroleum have led to increasing participation of private sector’s companies in oil sector projects, the official said, adding current situation governed by competition and at the same time friendship have led to boosting drilling potentials in the country.

Elaborating on signing a contract with NIOOC on the sidelines of the 17th oil show in Tehran in mid April, the official said that under the terms of the contract, Global Petro Tech is obliged to provide four 300 feet drilling rigs for the oil fields covered by NIOOC.

He continued that under the 1.2 billion euro five year contract the company was also responsible for providing side-services and logistics and transportation of offshore drilling rigs.