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8 wells to be developed in Iran's Gachsaran oil field

Business Materials 19 December 2018 15:50 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Elnur Baghishov - Trend:

Eight oil wells will be further developed in Iran's Gachsaran oil field, head of the marketing and international cooperation administration of the National Iranian Drilling Company (NIDC), Karamali Nadiri said, Trend reports, referring to Iranian media outlets.

Nadiri noted that the NIDC has won the tender held by the National Iranian South Oil Company (NISOC) for the development of NISOC fields and therefore, will develop a part of the Gachsaran oil field.

Soon, a coordination meeting will be held on drilling operations and a decision will be made, Nadiri said.

The National Iranian Gas Company (NIGC) intends to allocate two heavy drilling equipment (2000 HP) and one light drilling rig (1500 HP) for the drilling work in the wells.

The implementation of the project will start at the beginning of the next Iranian year (starts March 21) and is planned to be completed within 24 months, he added.

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