BAKU, Azerbaijan, February 23. The number of oil and gas wells drilled by the National Iranian Drilling Company (NIDC) in the country increased by 30.9 percent, during the first 11 months of the current Iranian year (March 21, 2022 through February 19, 2023), compared to the same period last Iranian year, Deputy Director of the NIDC, Masoud Afshar said, Trend reports referring to the company’s website.
“The company drilled and improved a total of 93 offshore and onshore oil and gas wells in Iran in 11 months, while the figure stood at 71 wells in the same period last Iranian year,” the official noted
He added that of the drilled wells, 14 were development wells, 5 were exploration wells, and 74 were repair wells,” he added.
According to Afshar, 72 wells were drilled in the territory of the National Iranian South Oil Company (NISOC) and 8 wells - in the territory of the Iranian Offshore Oil Company (IOOC), while 7 wells - in the territory of the Iranian Petroleum Engineering and Development Company (PEDEC).
“In addition, 6 wells were drilled as a part of the projects of the National Iranian Oil Company (NIOC),” the deputy director said.
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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