BAKU, Azerbaijan, July 27. The National Iranian Drilling Company (NIDC) drilled and improved 36 offshore and onshore oil and gas wells in the country, during the first four months of the current Iranian year (March 21 through July 22, 2023), Deputy Director of the NIDC, Masoud Afshar said, Trend reports.
According to him, two of the drilled wells were development wells and 34 were repair wells.
Afshar said that 30 wells were drilled in the territory of the National Iranian South Oil Company (NISOC), 2 wells in the territory of the Iranian Petroleum Engineering and Development Company (PEDEC), and one well in the territory of the Iranian Offshore Oil Company (IOOC).
"Meanwhile, the remaining 3 wells were drilled as a part of the projects of the National Iranian Oil Company (NIOC)," he added.
The deputy director noted that overall, 26,946 meters of excavations were carried out in Iran within the mentioned period.
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 of the Iranian Central Oil Fields Company (ICOFC), 5 fields of the Arvandan Oil and Gas Company (AOGC), and 18 fields of the Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields are operated by the ICOFC, 1 field is operated by Pars Oil and Gas Company (POGC), and 3 gas fields are operated by 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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