Norway to study Caspian Sea Oil Blocks

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Norway to study Caspian Sea Oil Blocks
Khazar Exploration and Production Company (KEPCO) signed a Memorandum of Understanding (MoU) with Norwegian Offshore Resource Group (ORG) for the study of the development of Sardar-e-Jangal oil field and the exploratory blocks of 24, 26 and 29 in the Caspian Sea.

The MoU was signed on Tuesday (November 9th) between the managing director of Khazar Exploration and Production Company (KEPCO), Mohsen Delaviz and and Jostein Kaare Kjerstad, Norwegian executive director.

According to the report, by conducting geological and geophysical studies in the Caspian sea, 8 selected structures were prioritized for comprehensive exploration and production studies. Eventually, drilling operations were carried out on one of the eight priority blocks, which resulted in the discovery of the Sardar hydrocarbon field in the deep waters of the Caspian Sea in 2012.

 

The drilling of the first well in this area went up to a depth of about 2,500 meters. The second well of Sardar-e- Jangal Square was tested and exploited at 1423 meters west of the first well of this field and up to a depth of about 3 500 meters for exploration / descriptive drilling activity in 1966.

Nov 1, 2017 04:51
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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.