Iran lines up next wave of offshore drilling

Offshore staff

TEHRAN, Iran – Iranian Offshore Oil Co. (IOOC) and Petro Iran have signed an agreement on drilling 12 wells in the Persian Gulf. Seven will be on oil and gas fields shared with Iran’s neighbors.

IOOC Managing Director Mahmoud Zirakchinazadeh, referring to untapped reserves in both the Persian Gulf and the Oman Sea, said that the planned wells, following a current 3D seismic survey over the designated area, “can provide us with accurate information on hydrocarbon structures of the region.”

The survey has been completed over the offshore Arash, Frazad A and B, Foroz B, Chabok, Siri A, and Tousan fields, and is 50% of the way through over the Alfa field.

Additionally, IOOC has licenses for further seismic operations over 1,500 km (932 mi) of border areas.

11/19/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...