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Iran outnumbers Qatar in joint South Pars gas field's drilling rigs

25 December 2012 17:39 (UTC+04:00)
Iran outnumbers Qatar in joint South Pars gas field's drilling rigs

Iran has outnumbered Qatar in joint South Pars gas field's drilling rigs, the managing director of Pars Oil and Gas Company said on Monday, Trend news agency reported.

Currently 15 drilling rigs are active in different phases of South Pars, Mehr news agency quoted Mousa Souri as saying.

"The number of gas field's total drilling rigs will reach 20 by the end of current Iranian calendar year (March 19, 2013)," he said.

According to Souri, Iran intends to increase the number of South Pars gas field's drilling rigs up to 28 by the end of the second quarter of next Iranian year (September 2013).

Iran drilled 124 offshore and onshore wells in the country's oil and gas fields during the first eight months of current Iranian calendar year, which began March 20.

The drilling operations of some new rigs are also underway, SHANA news agency reported.

Iran is currently carrying out 150 million dollars of oil and gas projects in the country, 110 million dollars of which is in the joint fields, ISNA news agency quoted Qalebani as saying.

Saying that Iran needs to install more offshore drilling rigs, he went on to note that Iran plans to increase its daily oil and gas production capacity up to 5 million barrels and 480 million cubic meters, respectively over a five-year period.

Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

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