Iran's NIDC to start exploration excavations in Ardabil Province

Oil&Gas Materials 10 May 2021 09:59 (UTC +04:00)
Iran's NIDC to start exploration excavations in Ardabil Province

BAKU, Azerbaijan, May 10

By Elnur Baghishov – Trend:

The National Iranian Drilling Company (NIDC) will start exploration excavations in the Parsabad County of Ardabil Province (northwestern Iran), an official of the NIDC Ali Rafee said, Trend reports citing the company’s website.

The official said that the "Fath 54" heavy drilling rig is being transported from the Ahvaz city of Khuzestan Province (southwestern Iran) to the Parsabad County of Ardabil Province. The device is being transported through 120 vehicles, will be delivered to Parsabad County within the next 25 days and will be installed at the planned location within the next 45 days.

Rafee added that the National Iranian Oil Company (NIOC) planned to be drilled six exploration wells in the Parsabad County and entrusted the related work to the NIDC. The first well to be drilled is called Ortadagh.

“So far, 33 oil and gas wells have been drilled and excavations were carried out at a total depth of 141,000 meters with the Fath 54 drilling rig owned by the NIDC. It is possible to drill oil and gas wells to a depth of 6,000 meters via this drilling rig,” he said.

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.