Territorial ownership overweighs economic gain in Caspian explorations for Iran
Tehran, Iran, Apr. 13
By Mehdi Sepahvand - Trend:
Iran's entire activities around the Caspian Sea follow establishing the Islamic Republic's future ownership over the concerned blocks, said the Iranian Caspian Oil Co. CEO Ali Osuli.
"Some of our criteria for choosing where to drill cannot be told," he said, adding that 46 exploration structures around the Caspian Sea are recognized under Iran's sovereignty.
Eight blocks with high potentials are considered, the first of which is block 6.2 which turned into Sardar-e Jangal field, he said, Fars news agency reported April 13.
Iran strenuously pursues exploration at the Caspian while it has many untapped fields in its southern parts by the Gulf, indicating the strategic importance of the Caspian projects.
It is said that through drillings in Sardar-e Jangal field by Amir Kabir Semi-sub Drilling Rig, Iran managed to settle its over 18-percent share of the Caspian Sea.
Each well of the field has the capacity to produce 2,000-5,000 barrels of oil per day.
After the foreign operator abstained from acting its part on operating the rig following a crash, Iran stole the computer codes in order to be able to carry on the drilling by itself.
"Domestic experts have so far cracked 1,500 codes to repair the Amir Kabir oil drilling rig's crashed crane," Hedayatollah Khademi, the managing director of North Drilling Company said Feb. 26.
Edited by CN