Operator of the project for development of South Azaegan oil field Mahmoud Marashi says the National Iranian Drilling Company (NIDC) has won the tender for drilling 20 oil wells in South Azadegan field.

Marashi said a tender will soon be held for drilling 20 more wells in South Azadegan oilfield.

He said eight companies have run the bid for drilling 20 wells in South Azadegan.

"After financial and technical assessments, the NIODC was named the winner of the tender."

The official said the NIDC should drill the 20 wells in two years. Six drilling rigs will be employed for the purpose based on the schedule, he added.

Meanwhile, Managing Director of the NIDC Mohammad-Reza Takaydi said his company is busy completing 40 wells in South Azadegan and the project is predicted to be complete by November 21.

He added that drilling of 20 more wells will then begin in the area.