“Similar to their domestic counterparts, the investing foreign firms will be each delegated with 20 wells for two-year usance framework,” he added.
In June, Petroleum Minister Bijan Zanganeh said drilling of 40 wells in the massive South Azadegan field is to be put to tender soon.
In the first phase of the development of South Azadegan field, 320,000 b/d of crude will be recovered. For that purpose, 385 wells need to be drilled in this field. So far, 12 wells have been drilled. The initial budget approved for the development of South Azadegan is 500 million dollars plus 500 trillion rials.
Your Comment