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Iran’s NISOC boosts crude oil extraction

Oil&Gas Materials 11 October 2021 11:10 (UTC +04:00)
Iran’s NISOC boosts crude oil extraction

BAKU, Azerbaijan, Oct. 11

By Elnur Baghishov – Trend:

The National Iranian South Oil Company (NISOC) has increased the daily crude oil extraction from No. 325 of the Marun oil field from 500 barrels to 1,000 barrels, as a result of the operation carried out on the well, Trend reports citing the NISOC’s website.

According to the report, for the first time in Iran, a well acidizing operation was carried out in three stages with emulsion acid.

The pressure in well No. 325 was significantly reduced. The well acidizing operation was carried out to improve extraction from the well.

The operation created conditions to eliminate the existing pressure drop in oil wells.

As reported, the National Iranian South Oil Company, a subordinate of National Iranian Oil Company, operates 45 large and small hydrocarbon deposits in an area of 400,000 square kilometers from Iran's Bushehr Province to the north of Khuzestan Province.

The company extracts about 80 percent of Iran's crude oil and 16 percent of gas. The company reportedly extracts about 3 million barrels of oil per day.

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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