TEHRAN Sept 14 (Shana)--National Iranian South Oil Company (NISOC) has started operations for drilling 40 development wells in South Azadegan oil field which Iran shares with Iraq, an NISOC official said.
��In line with Petroleum Ministry�s strategic policy for the development of joint fields,... the drilling of 40 wells in South Azadegan has been commissioned to this company,� Mohammad-Mehdi Zarei said.


He said that two drilling rigs have already started operating there and that a third one is being moved to the site.
Zarei said South Azadegan is the �most important joint oil field� in Iran, adding that 10 drilling rigs are to spud wells there.
He estimated the drilling of 40 wells to last two years.

South Azadegan field is expected to produce 320,000 b/d of oil and 197 mcf/d of gas in the first phase of development.

By SHANA

 

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