BAKU, Azerbaijan, Sept. 29
By Elnur Baghishov – Trend:
The Iranian Central Oil Fields Company (ICOFC) has completed work on seven projects related to the drilling of wells, installing pipes and pumps, and laying pipelines, an official of the ICOFC Peyman Imani said, Trend reports citing the company’s website.
The official noted that these projects have been implemented to maintain extraction from fields in the north-eastern, southern and western parts of Iran, and the related wells and facilities in this regard have already been handed over to operating companies.
Imani added that a total of 778 billion rials (about $18.5 million) and 5 million euro has been spent on the work done in the fields controlled by the ICOFC.
“The Iranian Central Oil Fields Company is currently implementing 8 projects related to extraordinary extraction, installation of pumps and equipment in wells, and laying of pipelines. These projects will cost 4.09 trillion rials (about $97.4 million) and 33.8 million euro,” he said.
As reported, the Iranian Central Oil Fields Company has 84 oil and gas fields in 11 provinces of Iran. So far, 13 gas fields and 13 oil fields have been developed.
The ICOFC extracted a total of 63 million barrels of crude oil and gas condensate and 70 billion cubic meters of gas over the last Iranian year (from March 20, 2020, through March 20, 2021).
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