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NIDC to Finalize Drilling Contract of SP Phases 9, 10

Source: Tehrantimes 12/1/2005, Location: Asia

The contract on drilling operations of phases 9 and 10 of the South Pars Gas Flied will be finalized with Pars Oil and Gas Company in the next ten days, Seifollah Jashnsaz, the managing director of National Iranian Drilling Company (NIDC) said. Presently, the expert-level negotiations are being held on $300m drilling contract of SP phases 9 and 10, he added. The operational and technical issues are among the subjects of the current discussions.

He went on to say that the drilling operations of the said phases of the giant gas field will be carried out at the price that was already agreed with Oriental Kish Company.

In the development project of phases 9 and 10 of the South Pars, the daily production of 50 million cu. m treated natural gas, and 80,000 barrels condensates plus 400 tons sulfur are determined. Moreover, the phases will produce 1 million ton ethane per annum to supply feed for the petrochemical units.

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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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