BAKU, Azerbaijan, Aug. 29
By Elnur Baghishov – Trend:
Iran may discover oil in the Bilasuvar County of the Ardabil Province (north-western Irana) over the next six months, the Governor of Iran’s Ardabil Province Akbar Behnamjoo said, Trend reports citing IRIB.
He made the remark to reporters after getting acquainted with the excavations in the province.
The governor stressed that 120 people are working to discover oil. At least 5 meters of excavation is carried out per hour. So far, 630 meters of excavations have been carried out.
Behnamjoo added that excavations will be carried out to a depth of 4,000 meters.
"The discovery of oil in Ardabil Province will lead to the development of both the province and Iran," he noted.
As reported, 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 836 billion barrels. With available technology and equipment, Iran can extract 239 billion barrels. Thus, 29 percent of the country's hydrocarbon reserves are recoverable, while 71 percent remain underground.
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