Tag Archives: Drilling

The French company has already started its operations in development project of phase 11 of Iran’s South Pars oil and gas field

.The agreement on development of phase 11 of South Pars Gas Field is valued at 4.8 million dollars

30-thousand-barrel rise in daily production of South Azadegan oilfield by the end of the current Iranian calendar year

.Brent crude oil was up 10 cents a barrel at $55.33. US light crude was down 10 cents a barrel at $52.53. Reuters reported

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.

South Zagros Oil and Gas Company has launched the well with the capacity to produce 600.000 cubic meter of natural gas per day.

Petropars Limited and Petropars Iran are responsible for onshore installations and drilling operations.

The NIDC owns 75 light. heavy and ultra-heavy onshore and offshore drilling rigs.

NIOC has widened the scope of exploration activities in the Persian Gulf.

The output of the new plant will be produced from associated gas.