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National Iranian Drilling Company declares number of oil-gas wells drilled in country

Oil&Gas 24 January 2022 11:25 (UTC +04:00)
National Iranian Drilling Company declares number of oil-gas wells drilled in country

BAKU, Azerbaijan, Jan. 24

By Elnur Baghishov – Trend:

The National Iranian Drilling Company (NIDC) drilled and improved 62 offshore and onshore oil and gas wells in Iran, during the first 10 months of the current Iranian year (March 21, 2021 through January 20, 2022), Deputy Director of the National Iranian Drilling Company (NIDC) Masoud Afshar said, Trend reports citing the company’s website.

The deputy director noted that the wells have been drilled in 9 provinces of Iran - Khuzestan, Fars, Kohgiluyeh and Boyer-Ahmad, Bushehr, Hormozgan, Ilam, Golestan, Ardabil and Sistan and Baluchestan.

“In total, about 65,500 meters of excavations were carried out within 10 months,” he said.

Afshar also added that 46 wells were drilled in the territory of the National Iranian South Oil Company (NISOC), 9 wells in the territory of the Iranian Offshore Oil Company (IOOC) and 1 well in the territory of the Iranian Central Oil Fields Company (ICOFC).

“Moreover, 6 wells were drilled at the order of the Petroleum Engineering and Development Company (PEDEC) and National Iranian Oil Company (NIOC),” he pointed out.

According to the deputy director, the wells were drilled by the company's 73 drilling rigs. Currently, drilling operations are being carried out with 60 rigs, while 13 rigs are being repaired.

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 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.

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