BAKU, Azerbaijan, June 25. The National Iranian Drilling Company (NIDC) drilled and improved 26 offshore and onshore oil and gas wells in the country, during the first three months of the current Iranian year (March 21 through June 21, 2023), Deputy Director of the NIDC, Masoud Afshar said, Trend reports.
Of the drilled wells, 2 were development wells and 24 were repair wells, the official noted.
He added that 22 wells were drilled in the territory of the National Iranian South Oil Company (NISOC) and 2 wells - in the territory of the Iranian Petroleum Engineering and Development Company (PEDEC).
Meanwhile, the remaining 2 wells were drilled as a part of the projects of the National Iranian Oil Company (NIOC), according to Afshar.
Afshar said that in total, 22,068 meters of excavations were carried out in Iran within the mentioned period.
The deputy director also pointed out that currently, 63 of the 73 drilling rigs belonging to the National Iranian Drillin Company are in operation.
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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