Iranian companies to sign drilling deal on NPadmin
Two Iranian companies are to sign a contract on drilling operations at Iran?s southern North Pars (NP) gas field, the Mehr News Agency reported.
The Pars Oil and Gas Company (POGC), the Iranian company in charge of the development of the North Pars gas field is to sign a drilling contract with the National Iranian Drilling Company (NIDC) on the field.
NIDC will drill certain development wells at the NP through the use of Shahid Modarres rig. It is said that the company will complete drilling operations within five years.
For the development of the North Pars gas field, Iran has signed a memorandum of understating (MOU) with China National Offshore Oil Corporation (CNOOC) to produce liquefied natural gas (LNG).
The POGC and NIDC are two subsidiaries of the National Iranian Oil Company (NIOC). The NIDC is responsible for drilling at the country?s fields, while the POGC is in charge of projects to develop southern offshore South Pars, North Pars, Golshan, and Ferdows gas fields.