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Iran’s NIDC discloses number of oil-gas wells drilled

Oil&Gas Materials 24 August 2021 16:53 (UTC +04:00)
Iran’s NIDC discloses number of oil-gas wells drilled

BAKU, Azerbaijan, Aug. 24

By Elnur Baghishov – Trend:

In total, 34 oil and gas wells were drilled in Iran during the first five months of the current Iranian year (from March 21 through August 22, 2021), Deputy Director of the National Iranian Drilling Company (NIDC) Masoud Afshar said, Trend reports citing the company’s website.

The deputy director noted that of the drilled wells, 2 were exploration wells, 4 were delineation and development wells, and 28 were repair wells.

"So, 27 wells were drilled in the territory of the National Iranian South Oil Company (NISOC) and 3 wells in the territory of the Iranian Offshore Oil Company (IOOC)," he added.

In addition, one well was drilled at the order of the Petroleum Engineering and Development Company (PEDEC), while three wells were drilled at the order of the National Iranian Oil Company (NIOC).

According to Afshar, in general, about 27,000 meters of excavations were carried out within the 5 months. Currently, 21 drilling rigs of the NIDC are being relocated.

As reported, 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.

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