BAKU, Azerbaijan, Oct. 24
By Elnur Baghishov – Trend:
The National Iranian South Oil Company (NISOC) repaired 461 pieces of equipment, cranes, and spare parts, during the first six months of the current Iranian year (March 21 through September 22, 2021), said Younes Abbasi Larki, Director of technical services, repair and improvement department of the NISOC, Trend reports citing the company’s website.
According to Abbasi Larki, more than 332 billion rials (about $7.9 million) have been saved as a result of domestic repairing of equipment and spare parts by the company's specialists.
The director also added that the repair of equipment and spares parts has resulted in the continued operation of wells.
Reportedly, 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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