Iran to drill 17 exploratory oil wells in Persian Gulf
The Iranian Offshore Oil Company will drill 17 new exploratory
oil wells in the Persian Gulf to identify new reserves, IRNA news
agency quoted Mansour Ghiyabi Hayat, an official with the IOOC, as
saying.
The Heads of Agreement (HOA) has been signed with Tehran-based
PetroIran company in this regard, he noted.
On October 14, IOOC Managing Director Mahmoud Zirakchianzadeh said
Iran has prepared oil development plans, with an estimated cost of
$14 billion, related to oilfields in the Persian Gulf.
"During the past two years, as much as $20 billion worth of deals
have been signed," he said. "Some $14 billion worth of new deals
have been prepared and will be offered to contractors."
The agreements cover Farzad A & B, Soroush, Esfandyar, Tossan, and
Alfa fields.
Iran has attached priority to boosting gas production capacity at
its joint oilfields with Qatar and Saudi Arabia.
Iran has the world's fourth-largest reserves of recoverable oil,
after Venezuela, Saudi Arabia, and Canada.
With 34 trillion cubic meters of natural gas reserves, Iran has the
world's second-largest natural gas reserves after Russia.
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