Iran's NIDC declares number of drilled oil & gas wells

Oil&Gas Materials 24 January 2021 16:59 (UTC +04:00)

BAKU, Azerbaijan, Jan. 24

By Elnur Baghishov – Trend:

The National Iranian Drilling Company (NIDC) drilled and improved 98 oil and gas wells in Iran's onshore and offshore areas, during the first 10 months of the current Iranian year (March 20, 2020, through January 20, 2021), said Ahmad Tamaddon, Deputy Director of the National Iranian Gas Company (NIGC), Trend reports citing the company’s website.

The deputy director emphasized that of these wells, 24 were delineation and development wells, 3 were exploration wells, and 71 were repair wells.

Tamaddon added that 73 wells were drilled in the territories of National Iranian South Oil Company (NISOC), 10 in the Iranian Offshore Oil Company (IOOC), 9 in the Petroleum Engineering and Development Company (PEDEC), and 2 in the Iranian Central Oil Fields Company (ICOFC). Also, 4 wells planned by the National Iranian Oil Company (NIOC) were drilled and handed over to the relevant authorities.

He noted that in total, the NIDC has drilled about 53,400 meters in 10 months.

According to the deputy director, the National Iranian Drilling Company drilled 15 wells 257 days earlier than planned. At present, the company's 23 drilling rigs are 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's hydrocarbon reserves are recoverable, while 71 percent remain underground.