BAKU, Azerbaijan, December 19. The National Iranian Drilling Company (NIDC) increased its drilling efficiency by 45 percent, during the first eight months of the current Iranian year (March 21 through November 21, 2022), compared to the same period last Iranian year, Deputy Director of the NIDC, Peyman Shushtarizadeh said, Trend reports referring to the company’s website.
According to Shushtarizadeh, the drilling efficiency of oil and gas wells in Iran for the reporting period was 8,329 meters.
“Meanwhile, in the same period last Iranian year, the figure stood at 4,546 meters,” he added.
The deputy director noted that horizontal and directional drilling work was carried out in 23 onshore oil and gas wells. By the end of the current Iranian year (March 20, 2022), several more wells are planned to be drilled in this way.
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 – by the Iranian Central Oil Fields Company (ICOFC), 5 fields – by 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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