BAKU, Azerbaijan, Nov. 29
By Elnur Baghishov – Trend:
Iran's Aghajari Oil and Gas Production Company (AOGPC) has saved 80 billion rials (about $1.9 million) by repairing well No. 103 in the Rag-Sefid oil field, the Executive Director of the company Pejman Ghazaipour said, Trend reports citing the company’s website.
The director noted that some devices and equipment were replaced without the installation of any drilling rig in the well, and the operation was completed quickly.
Ghazaipour added that the well was repaired due to reduced extraction and pressure.
“Also, the company generated revenues of 150 billion rials (about $3.57 million) from oil extraction from the well, as a result of the rapid completion of repair work on the well,” he said.
As reported, Iran's Aghajari Oil & Gas Production Company is a subsidiary of the National Iranian South Oil Company (NISOC). The company has 8 oil fields, including Aghajari, Karanj, Paranj, Parsi, Ramshir, Rag Sefid, Pazanan, and Marun.
About 615,000 barrels of light and heavy crude oil are extracted daily from 8 fields. The company supplies fuel to domestic refineries and exports the remaining amount.
In addition, it supplies 30 percent of Bandar Imam Petrochemical Company's liquefied natural gas needs. The company also produces 11,000 barrels of naphtha per day.
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