We are pleased to expand our relationship with POGC
to include drilling in this acreage," said Pierce.
Plawce-2 and Lisewo-1 wells are being drilled under the same JOA where POGC
is the operator and owns 51%; FX Energy owns 49%.
Producing 2,800 MCF/d - above a 2,000 MCF/d target - plus 80,000 b/d of condensate and 400 t/d of sulphur, the two phases were in January 2003 handed over to South Pars Gas Co, a POGC
By paying the drilling costs POGC
will earn a 49% interest on 212,000 acres and FX Energy will continue to hold 100% interest in the remainder of the Northwest concession acreage.
is in charge of the offshore South Pars field, a super-giant which has more than 500 TCF of gas in place and also contains a major oil reserve.
From the beginning, operations have closely involved the Polish Oil and Gas Company (POGC
) and FX Energy's significant land concessions were granted by the Polish government and obtained through joint ventures entered into with POGC
Both phases are in the final stages of development and will be launched by September," project director of Phases 15 and 16 at POGC
Reza Forouzesh said.
in 2004 gave Pedco a BBC to develop South Pars' $400m oilfield project.
Upon the successful completion of the construction and erection of the jacket for South Pars Joint Field Phase 21, the second platform jacket of the project, manufactured by the Iranian engineers, entered the erection and operation phases in the drilling site of this part of the field, Director of South Pars Phases 20 and 21 Development Project was quoted as saying according to POGC
FX Energy will be Operator and will retain 51% interest; POGC
will earn 49% interest by drilling the Ostrowiec well.
has completed twenty two (22) wells in the Republic of Pakistan with this equipment.
It said Iran's offshore drilling is being managed by Iranian Offshore Engineering Company (IOOC) and POGC