Iran to Drill 160 Oil Wells by March 2009

TEHRAN (Dow Jones Newswires), July 9, 2008

Iran says it will drill roughly 160 wells by next March, the oil ministry's official Shana Web site reported Wednesday.

Naser Gholipour, the National Iranian Drilling Company's corporate planning, assessing and controlling manager, said 81 delineation and development wells will be drilled to a depth of 288,544 meters, six exploration wells will be drilled to a depth 23,206 meters and 67 work-over wells will be drilled to a depth of 34,461 meters, Shana said.

The NIDC's drilling level rose to a record high of 110,698 meters during the first quarter of the current Iranian year, Shana said. The Iranian year ends March 20.

Copyright (c) 2008 Dow Jones & Company, Inc.

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