BAKU, Azerbaijan, September 4. The National Iranian Drilling Company (NIDC) has completed the drilling of 14 onshore discovery wells, which have been in development since 2018, said Mohammad Amin Aghajari, an official of the NIDC, Trend reports.
According to Aghajari, the mentioned 14 wells have been drilled under three contracts between the NIDC and the National Iranian Oil Company (NIOC), and handed over to the NIOC.
“In June-July 2018, three contracts were signed between the NIDC and the NIOC for the drilling of 20 discovery wells,” he added.
The official also said that within the framework of the 1st contract, it was planned to drill eight discovery wells in Iran's Fars, Khuzestan and Bushehr provinces. So far, seven wells have been drilled and handed over to the NIOC. Meanwhile, the drilling of the remaining one well has started as well.
Aghajari noted that within the framework of the 2nd contract, it was planned to drill 6 discovery wells in Khuzestan, Golestan, Ardabil and Fars provinces. Three wells were drilled and handed over to the NIOC. Currently, two wells are being drilled in Fars and Ardabil provinces.
“As a part of the 3rd contract, six discovery wells were planned to be drilled in Khuzestan Province of Iran. So far, four wells have been drilled and handed over to the National Iranian Oil Company,” he pointed out.
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 of the Iranian Central Oil Fields Company (ICOFC), 5 fields of the Arvandan Oil and Gas Company (AOGC), and 18 fields of the Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields are operated by the ICOFC, 1 field is operated by Pars Oil and Gas Company (POGC), and 3 gas fields are operated by 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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