BAKU, Azerbaijan, September 20. The National Iranian Oil Company (NIOC), has approved the project for purchase of 6 new drilling rigs for the National Iranian Drilling Company (NIDC), Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojasteh Mehr said, Trend reports citing the NIOC’s website.
The CEO noted that of these drilling rigs, three will be used for offshore drilling and three for onshore drilling.
Khojasteh Mehr also emphasized that the National Iranian Drilling Company is fully supported by Iranian Oil Ministry and the National Iranian Oil Company, because the activity of this company is important for the hydrocarbons production in the country.
At present, the National Iranian Drilling Company (NIDC) has a total of 72 drilling rigs. The company drilled and upgraded a total of 79 oil and gas wells 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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