POGC begins drilling 35 new infill wells in South Pars
Pars Oil and Gas Company (POGC) has started a project to spud 35 new wells in the South Pars gas field to enhance and maintain gas production in the massive joint field.
According to POGC, the operation was officially started on Tuesday in a ceremony attended by the head of POGC as the main contractor and the head of Petro Iran Company as the subcontractor of the project, Shana reported.
Executive operation of drilling the mentioned wells was kicked off at the position of the SPD12B platform of the giant gas field.
the contract for the mentioned project was signed in November 2023, between the National Iranian Oil Company and POGC.
POGC has also inked several contracts with domestic companies to conduct the drilling operations in the form of four project packages.
Pasargad, Petropars, PetroIran and Shomal Drilling companies are the sub-contractors of the drilling project.
The duration of the project contract will be three years and the investment required to implement this project is estimated at $1.2 billion.
The megaprojects will not only help develop the country’s gas industry and economy, but also create job opportunities and promote domestic capabilities.
According to the NIOC Head Mohsen Khojasteh Mehr, similar contracts will be awarded to qualified Iranian companies in the near future.
Source: Tehran Times
Related News
Five last month
Five last month
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
