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Iran continues drilling at Sepand gas field shared with Qatar

Business Materials 22 November 2014 15:44 (UTC +04:00)

Baku, Azerbaijan, Nov.22

By Fatih Karimov - Trend: The first exploratory well at Sepand gas field, which is shared with Qatar, has reached 3,600 meters depth, an official from National Iranian Drilling Company Ghadirali Fakouri said.

He added that development plan of Sepand gas field was prepared in 1993 but drilling was suspended up to now due to lack of access to accurate data about the gas field's reserve, Iran's Shana news agency reported on November 22.

"After drilling of the first well in the gas field, we will be in a better situation to assess the volume of gas trapped in its reservoir", Fakouri said.

Sepand gas field is located 250 km off Kish Island in the Persian Gulf waters.

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