Iran signs three-year Kish drilling deal

11 June 2008
The state-run National Iranian Drilling Company (NIDC) has been awarded a three-year deal to drill 13 wells in the massive Kish gas field, following an initial award to Iranian Petroleum Engineering and Development Company in March.

The contract marks the first phase of development in the field which is estimated to have 48 trillion cubic feet of gas (MEED 19:3:08).

The first 13 wells will be drilled onshore with a second phase of 15 test wells expected to be done offshore at a later date.

The National Iranian Oil Company (NIOC), the parent company of NIDC, has previously forecast production of 3.5 billion cubic feet a day from the field, with about 75 per cent of all gas reserves thought to be recoverable.

India's ONGC Videsh and Tehran's state-run Petropars held talks earlier this year with NIOC over development of the field.

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