Iran reveals number of oil and gas wells drilled

Oil&Gas Materials 24 August 2020 15:00 (UTC +04:00)
Iran reveals number of oil and gas wells drilled

BAKU, Azerbaijan, August 24

By Elnur Baghishov – Trend:

As many as 47 oil and gas wells were drilled in Iran during the first 5 months of the current Iranian year (March 20-August 21, 2020), said Hamid Reza Khoshayand, the deputy director of National Iranian Drilling Company (NIDC), Trend reports citing the company’s official website.

Khoshayand stressed that one of these wells was exploration well, 18 were well delineation and well development wells, and 28 were repair wells.

He added that 37 of the wells are in the territory of the National Iranian South Oil Company (NISOC), 4 in the Iranian Offshore Oil Company (IOOC), and 4 in the Petroleum Engineering and Development Company (PEDEC).

"In addition, two wells were drilled at the request of the National Iranian Oil Company," he said.

The deputy director noted that a total of 32,800 meters were drilled during 5 months.

According to Khoshayand, the NIDC has completed drilling of 9 wells 141 days ahead of schedule.

"The drilling of wells No.85 and No.160 of the South Azadegan oil field was completed 75 days ahead of schedule," he added.

The deputy director emphasized that at present, 13 drilling rigs of the National Iranian Drilling Company in onshore were being relocated.

Iran has 125 oil fields and 59 gas fields. The country's total hydrocarbon reserves are estimated at 836 billion barrels. With available technology and equipment, Iran can extract 239 billion barrels. Thus, 29 percent of the country hydrocarbon reserves are recoverable, while 71 percent remain underground.

The South Azadegan oil field (the field is called Majnoon field in Iraq) is located in the area of about 440 square kilometers, 80 km west of the Ahvaz city of the Khuzestan Province (southwestern Iran). The South Azadegan oil field produces 140,000 barrels of crude oil per day. It is planned to increase oil production from this field to 320,000 barrels per day in the first stage and 600,000 barrels in the second stage.