BAKU, Azerbaijan, May 1
By Elnur Baghishov – Trend:
The National Iranian Drilling Company (NIDC) has allocated 5.2 trillion rials (about $124 million) for the repair and renovation of drilling rigs and equipment in the current Iranian year (from March 21, 2021 through March 20, 2022), an official of the NIDC, Shahram Shammipour said, Trend reports citing the company’s website.
The official noted that these funds were allocated given the importance of equipment and drilling rigs. Thus, 220 pieces of equipment and supplies in connection with drilling rigs, maintenance services, and so on will be purchased through certain tenders and signing of contracts.
Shammipour added that it is planned to purchase various pumps, measuring instruments, trailers, cranes, various generators, bunkers and other equipment.
Reportedly, the National Iranian Drilling Company drilled and improved 9 oil and gas wells in the 1st month of the current Iranian year (March 21 through April 20, 2021). Of the drilled wells, 1 was a development well, 1 was a delineation, and 7 were repair wells. A total of 6,720 meters were drilled during a month.
There are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC) and 3 gas fields – the IOOC.
Iran’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.