NIDC to drill seven wells in Azar oilfield
National Iranian Drilling Company (NIDC) and Oil Industries
Engineering Construction Company (EIOC) have signed a contract for
drilling seven oil wells in the Azar oil field, IRIB News
reported.
According to the contract, NIDC will carry out the project in 35
months.
Based on the Azar oil field's development plan, 19 oil wells will
be drilled in the field by three different companies.
The National Iranian Oil Company said in October 2011 that it
abandoned the plan to develop the Azar field jointly with Gazprom
Neft, saying the Russian company showed a lack of interest.
In the same month, the Iranian state oil company signed a $1.9
billion deal for Azar with a consortium of Iranian firms to replace
Gazprom Neft.
Azar oilfield, which is shared with Iraq, holds an estimated 1.1
billion barrels of crude reserves.
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