TEHRAN - Pars Oil and Gas Company (POGC) has started a project to spud 35 new wells in the South Pars gas field to enhance and maintain gas production in the massive joint field.

According to POGC, the operation was officially started on Tuesday in a ceremony attended by the head of POGC as the main contractor and the head of Petro Iran Company as the subcontractor of the project, Shana reported.

Executive operation of drilling the mentioned wells was kicked off at the position of the SPD12B platform of the giant gas field.

the contract for the mentioned project was signed in November 2023, between the National Iranian Oil Company and POGC.

POGC has also inked several contracts with domestic companies to conduct the drilling operations in the form of four project packages.

Pasargad, Petropars, PetroIran and Shomal Drilling companies are the sub-contractors of the drilling project.

The duration of the project contract will be three years and the investment required to implement this project is estimated at $1.2 billion.

The megaprojects will not only help develop the country’s gas industry and economy, but also create job opportunities and promote domestic capabilities.

According to the NIOC Head Mohsen Khojasteh Mehr, similar contracts will be awarded to qualified Iranian companies in the near future.

EF/MA