Iran’s Marine-1 semi-submersible drilling rig is set to begin a 12-wells drilling campaign in the phase 20 of the South Pars gas field in the Persian Gulf, according to Pourya Pornouri, Managing-Director of the International Drilling Company.
The campaign will take three years to finish. According to the news published on the Pars Oil and Gas Company’s web site, the operations will be managed by the International Drilling Company. The exact spud date of the first well has not been revealed yet.
South Pars gas field is one of the largest independent gas reservoirs in the world lying on the territorial border between Iran and the State of Qatar in the Persian Gulf. It is one of the country’s main energy resources.
This gas field covers an area of 9700 square kilometers, of which 3700 square kilometers belong to Iran. The Iranian portion is estimated to contain some 14 TCM of gas reserves and some 18 billion barrels of gas condensates. This amounts to roughly 7.5 % of the world gas reserves and approximately half of the Iran’s gas reserves.