BAKU, Azerbaijan, November 28. The number of oil and gas wells drilled by the National Iranian Drilling Company (NIDC) in the country increased by 32 percent, during the first eight months of the current Iranian year (March 21 through November 22, 2022), compared to the same period last Iranian year, Deputy Director of the NIDC, Masoud Afshar said, Trend reports referring to the company’s website.
Afshar noted that in total, the NIDC drilled and improved 66 offshore and onshore oil and gas wells in Iran over 8 months.
“Of the drilled wells, 6 were development wells, 4 were exploration wells, and 56 were repair wells,” he added.
The deputy director also said that 50 wells were drilled in the territory of the National Iranian South Oil Company (NISOC) and 8 wells - in the territory of the Iranian Offshore Oil Company (IOOC), while 4 wells - in the territory of the Iranian Petroleum Engineering and Development Company (PEDEC).
“Meanwhile, 4 wells were drilled as a part of the projects of the National Iranian Oil Company (NIOC),” Afshar pointed out.
According to him, a total of 50,256 meters of excavations were carried out in 8 months.
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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