BAKU, Azerbaijan, September 27. The National Iranian Drilling Company (NIDC) drilled and improved 55 offshore and onshore oil and gas wells in the country during the first six months of the current Iranian year (March 21 through September 22, 2023), an official of the company Babak Zanganeh said, Trend reports.
Meanwhile, in the first 6 months of the last Iranian year (March 21 through September 22, 2022), a total of 45 oil and gas wells were drilled in the country.
Zanganeh noted that six of the drilled wells were development wells and 49 were repair wells.
He also added that 45 wells were drilled in the territory of the National Iranian South Oil Company (NISOC), 4 wells in the territory of the Iranian Petroleum Engineering and Development Company (PEDEC), 2 wells in the territory of the Iranian Central Oil Fields Company (ICOFC), and one well in the territory of the Iranian Offshore Oil Company (IOOC).
According to the official, another 3 wells were drilled as a part of the projects of the National Iranian Oil Company (NIOC).
Zanganeh said that a total of 39,536 meters of excavations were carried out in Iran within the mentioned period. At present, drilling work is underway.
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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