BAKU, Azerbaijan, May 23. The National Iranian Drilling Company (NIDC) drilled and improved 17 offshore and onshore oil and gas wells in Iran, during the first two months of the current Iranian year (March 21 through May 21, 2022), Deputy Director of the National Iranian Drilling Company (NIDC) Masoud Afshar said, Trend reports citing the company’s website.
The deputy said that of the drilled wells, 2 were a development wells, 1 was an exploration well, and 14 were repair wells.
He also added that 14 wells were drilled in the territory of the National Iranian South Oil Company (NISOC) and 2 wells - in the territory of the Iranian Offshore Oil Company (IOOC).
“Meanwhile, one well was drilled as a part of the projects of the National Iranian Oil Company (NIOC),” Afshar noted.
According to him, a total of about 17,000 meters of excavations were carried out in two months.
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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