Azerbaijan, Baku, Jan. 29 / Trend, A.Yusifzade /
National Iranian Oil Company (
NIOC) plans to enhance oil and gas recovery rate by using modern technologies, Shana reported quoting the managing director of the National Iranian Oil Company (NIOC) Ahmad Qalebani as saing.
Qalebani said that Iran's current oil fields recovery rate is more than 28 percent.
He estimated Iran's oil and gas recoverable reserves respectively 151 billion barrels and 33 trillion cubic meters.
Referring to horizontal drilling as one of the main methods of enhancing recovery rate, NIGC managing director stressed on using new technologies to improve recoverable amount of oil and gas.
Earlier Ghalehbani said that one of the priorities of the National Iranian Oil Company is to develop horizontal drillings and use modern technology to improve productivity and increase the productive wells flow rate, as well as to stabilize the production.
Stating that in the entire world's Oil Industry, roughly 74,000 wells have been drilled. About 26,000 are horizontal. He said that over 300 wells have been drilled horizontally in Iran of which a major part is located in the fields of National South Oil Field Company.
He said that this company has achieved the modern technology for horizontal drilling.
The Managing Director of NIOC added that we are developing the most updated technologies in this area and we intend to develop the horizontally oriented drilling in the wells of the shared fields, and particularly in the South Pars.
NIOC official noted that a development plan has been implemented at Masjed Soleiman as the oldest Iran's oil field to boost the amount of oil production, adding the plan would be launched officially in near future.
According to Qalebani, Masjed Soleyman oil field's recovery rate has improved by two percent following the implementation of the plan although enhancing recovery rate seemed impossible before the implementation of the plan due to 102 years of oil production from the mature oil field.
'The Research and Technology Department at NIOC in cooperation with Enhancing Recovery Rate Research Institute and other Iranian researchers and experts defined a new development plan for the oldest Iranian oil field and by drilling horizontal wells and using new technologies succeeded to finalize the possibility to draw a daily 25,000 barrels of oil from the field for another eight years,' NIOC managing director said.
According to Qalebani, oil reserves of the field is about 6.6 billion barrels. Oil production from the field started in 1908 for the first time and the total extraction has reached 1.2 billion barrels up to now.
Referring to extraction of up to 18 percent of the total reserves of the field NIOC official pointed out that under the new development plan, recovery rate of the field would rise to 20 percent that means another 158 million barrels of oil could be extracted.