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Iran's ICOFC keen to increase gas extraction

Oil&Gas Materials 22 June 2022 14:58 (UTC +04:00)
Iran's ICOFC keen to increase gas extraction
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, June 22. Iranian Central Oil Fields Company (ICOFC) plans to increase gas extraction by 10 million cubic meters daily for the current Iranian year (March 21, 2022 through March 20, 2023), Executive Director of the ICOFC Mehdi Heydari said, Trend reports citing the company’s website.

Heydari said that about 7 million cubic meters of gas per day will be extracted from the Aghar and Dalan operating points. In this regard, 3 new wells will be drilled in the Aghar gas field and 3 new wells in the Dey gas field.

“With the full implementation of the plan at the Agar and Dalan operating points, the company’s gas extraction from the mentioned points will increase to 70 million cubic meters per day,” the director added.

Iranian Central Oil Fields Company extracted 245 million cubic meters of gas daily, and 70 billion cubic meters annually over the last Iranian year (March 21, 2021 through March 20, 2022).

The Iranian Central Oil Fields Company has 84 oil and gas fields in 11 provinces of Iran. So far, 13 gas fields and 13 oil fields have been developed.

At present, the ICOFC has capacity to extract about 250,000 barrels of crude oil and 250 million cubic meters of gas per day.

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