BAKU, Azerbaijan, September 28. A total of 130 oil and gas exploration wells have been commissioned in Iran over the past four years, Ali Asghar Shekohi, deputy director of the exploration department for technical issues of the National Iranian Oil Company (NIOC), told local media, Trend reports.
According to him, these exploration wells were commissioned in the territories of the Central Oil Zones Company, Pars Oil and Gas Company, Arvandan Oil and Gas Company, Caspian Oil Company, and Offshore Oil Company.
Shekohi said that hydrocarbons are being produced from more than 90 of the mentioned wells.
The official added that since 2011, based on the decision of the NIOC Board of Directors, all exploration wells have been handed over to the contractor company after evaluation and are prepared and commissioned at the expense of the NIOC's budget.
Currently, Iran has 74 active oil fields and 22 gas fields. Of these, 37 are operated by the National Iranian South Oil Company, 14 by the Iranian Central Oil Fields Company, five by the Arvandan Oil and Gas Production Company, and 18 by the Iranian Offshore Oil Company. As for gas, five fields are located in the territory of the National Iranian South Oil Company, 13 in the Iranian Central Oil Fields Company, one in the Pars Oil and Gas Company, and three in the Iranian Offshore Oil Company.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With existing equipment and technology, about 340 billion barrels can be extracted, meaning that only around 30 percent of reserves are recoverable, while the remaining 70 percent remains untapped underground.
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