BAKU, Azerbaijan, January 26. The number of oil and gas wells drilled by the National Iranian Drilling Company (NIDC) in the country increased by 28.6 percent, during the first 10 months of the current Iranian year (March 21, 2022 through January 20, 2023), compared to the same period last Iranian year, Deputy Director of the NIDC, Masoud Afshar said, Trend reports referring to the company’s website.
According to Afshar, in total, the NIDC drilled and improved 81 offshore and onshore oil and gas wells in Iran over 10 months.
“Of the drilled wells, 9 were development wells, 5 were exploration wells, and 67 were repair wells,” he added.
The deputy director also noted that 62 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 5 wells - in the territory of the Iranian Petroleum Engineering and Development Company (PEDEC).
“Meanwhile, 6 wells were drilled as a part of the projects of the National Iranian Oil Company (NIOC),” Afshar said.
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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