June 12, 2018 19:28

South Azadegan Drilling Operations Near Completion

NIDC is currently active in six major drilling projects, worth $2.18 billion, in the country’s hydrocarbon reservoirs that have registered a progress rate of 85%

South Azadegan Oilfield is estimated to hold 33 billion barrels of oil in place.

NIDC is tasked with drilling 60 wells in South Azadegan, which is being implemented ahead of schedule

The National Iranian Drilling Company's operations for drilling 40 wells in the South Azadegan Oilfield in Khuzestan Province are near completion, a deputy director of NIDC said on Monday.
"The plan, marking a 99.7% progress, is on fast-track development and will be completed in the near future," Mehran Makvandi was also quoted as saying by the National Iranian Oil Company's news portal.
NIDC is tasked with drilling 60 wells in South Azadegan, which is being implemented ahead of schedule.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Azadegan Oilfield