Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

IRAN

Pedco Preparing To Begin Development Drilling In South Pars Oil Layer

PetroIran Development Company (Pedco) plans to spud the first development well in the oil layer of the offshore South Pars field by the end of November. Pedco was awarded the development buyback contract for the Pars oil project earlier this year by the National Iranian Oil Company (NIOC), and plans to install facilities initially with capacity to produce 35,000...