KEPCO|Activities of Caspian Oil Company|Deepwater Drilling in Iran

Deepwater Drilling in Iran

 Deepwater Drilling in Iran

May 10, 2013 is marked in the history of Iran’s petroleum industry: Oil exploration in the Caspian Sea from what is today known as Sardar-e Jangal.

The existence of 2 billion barrels of recoverable oil with an API gravity of 38 degrees sketched out new horizons for Iran’s petroleum industry.

Immediately after proof of oil, exploration drilling operations started with the installation of Amir-Kabir Semi-Submersible Drilling Rig. After the second exploration well was flared off in this field, a new chance was identified for exploring hydrocarbon reserves in the Caspian Sea. After that, Amirkabir Semi-Submersible Drilling Rig was moved to a new exploration position

KEPCO is in charge of exploration and recovery of hydrocarbon reserves in the Caspian Sea and its coasts.

Iran Petroleum invites its readers to have a glance at a review of hydrocarbon reserves exploration in the Caspian Sea.

Caspian Sea is known as the largest lake in the world. This land-locked lake houses numerous oil reservoirs. Geologists estimated that between 80 and 200 billion barrels of oil remain hidden across this sea. The oil-rich section of Caspian Sea starts from Absheron Island in southwest and continues as far away as Cheleken Island in southeast. The oil reservoirs encircle the Caspian Sea, stretching from the Republic of Azerbaijan to Turkmenistan.

Deepwater Drilling in Iran-1


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KEPCO amid many other companies is a subdivision of National Iranian Oil Company (NIOC) founded in January 1998. KEPCO is an authority in exploration, development and production of oil and gas in Iran concerning South Caspian Sea and three littoral provinces of Golestan, Mazanderan and Gilan in Iran. KEPCO supervises all the contracts signed by local and international companies regarding exploration and development of hydrocarbon reserves in the area including the pertinent environmental matters. KEPCO is committed to the development of Caspian Sea oil and gas reserves as well.