BAKU, Azerbaijan, August 30. National Iranian Drilling Company (NIDC) has drilled and upgraded a total of 114 oil and gas wells over the past year, Mehran Makvandi, Executive Director of the National Drilling Company, told reporters, Trend reports.
He elucidated that among the perforated boreholes, 29
constituted developmental wells while 85 were categorized as
maintenance wells.
Makvandi indicated that a total of 9 gas wells were strategically
drilled and subsequently commissioned throughout the year to
mitigate the nation’s gas deficit.
The official indicated that the enterprise executed in excess of
115,000 meters of drilling operations throughout the specified
timeframe.
To note, a total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, 5 in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates 5 gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates 1, and the Offshore Oil Company operates 3.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels with existing technological equipment. Iran can use about 30 percent, and 70 percent remains unutilized underground.
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