TEHRAN – Iran’s Petropars Company begins the operations for drilling three infill wells at South Pars gas field which Iran shares with Qatar in the Persian Gulf, Shana reported.

As reported, the operations began after the installation of the drilling rig in the location of the SPQ1 gas platform located on the water border of Iran and Qatar in the Persian Gulf.

Back in July, Pars Oil and Gas Company (POGC), which is in charge of developing the South Pars gas field, announced the beginning of a project to spud 35 new wells in the field to enhance and maintain gas production.

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

Pasargad, Petropars, Petro Iran 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.

EF/MA