BAKU, Azerbaijan, March 26. The National Iranian Drilling Company (NIDC) drilled and improved 4 oil wells in the territory of the National Iranian South Oil Company (NISOC), during the first 5 days of the current Iranian year (March 21 through March 25, 2022), Deputy Director of the NIDC Masoud Afshar said, Trend reports citing the company’s website.
The deputy director said that the NIDC has drilled and improved wells No. 120 at the Bibi Hakimeh oil field and wells No. 302 and 358 at the Gachsaran oil field.
“In addition, the company has drilled and improved well No. 34 at the Kupal oil field,” he added.
Afshar stressed that the NIDC has a total of 73 drilling rigs. Currently, 61 rigs are under operation.
The National Iranian Drilling Company (NIDC) drilled and improved 75 offshore and onshore oil and gas wells in Iran over the last Iranian year (March 21, 2021 through March 20, 2022).
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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