Iran displacing drilling rig in Caspian Sea

Oil&Gas Materials 16 February 2016 15:12 (UTC +04:00)

Baku, Azerbaijan, Feb. 16

By Emil Ilgar - Trend:

Iran is preparing to displace its Amir Kabir drilling rig in the Caspian Sea to a new location to conduct further drillings, said Farhang Khatibi, head of the Khazar Exploration & Production Company.

The country will carry out a new round of oil and gas explorations in the Caspian Sea, Mehr news agency quoted Khatibi as saying Feb. 16.

He didn't clarify where the drilling rig is planned to be positioned, but earlier, in November 2015, the company's former head, Ali Osuli said a new round of exploration operations would start to find new gas reserves in the northern Golestan area (close to the Turkmen sector of the Caspian Sea).

Iran completed the drilling of a second well at the Sardar-e Jangal field in the Caspian Sea using the Amir Kabir semi-submersible drilling rig last year.

The country has recently offered 4 projects in the Caspian Sea to foreigners for exploration and development on the basis of a new contract, called the Iran Petroleum Contract.

Those projects are the blocks 24, 26, 29 and the Sardar-e Jangal field.

Iran divided its exploration area in the Caspian Sea to 46 blocks. Eight of them have priority importance.

The Islamic Republic had carried out 3D seismic operations in an area covering 4,000 square kilometers of the sea at the blocks 6, 7, 8 and 21 between 2003 and 2005 using its Pejvak vessel.