BAKU, Azerbaijan, August 12. National Iranian Oil Company (NIOC) drilled and upgraded 20 oil wells during four months of the current Iranian year (from March 20 through July 21, 2024), the representative of the National Iranian Drilling Company (NIDC) Gholamreza Mahmoudi told reporters, Trend reports.
According to him, during the reporting period, oil and gas wells were drilled and completed in the territory of the National Company of Southern Oil Zones and the Company of Central Oil Zones of Iran.
He noted that three of the drilled wells were development wells, while the rest were repair wells.
Mahmoudi pointed out that two development wells were drilled in the Ahvaz oil field and one development well was completed in the Marun oil field.
He also said that over the past four months, two repair wells were drilled in the Ahwaz oil field, one repair well in the Pazanan oil field, and one gas well in the Shanol gas field.
"The total depth of the drilled wells amounted to 20,049 meters," the official added.
A total of 74 oil fields and 22 gas fields are currently in operation in Iran. There are 37 fields in the territory of the National Company of Southern Oil Zones of Iran, 14 fields in the territory of the Company of Central Oil Zones of Iran, five fields in the territory of Arvand Oil and Gas Production Company, and 18 fields in the territory of Offshore Oil Company.
There are also five gas fields in the territory of the National Company of Iran's Southern Oil Zones, 13 in the territory of the Central Oil Zones Company, one in the territory of Pars Oil and Gas Company, and 3 in the territory of the Offshore Oil Company.
Iran has total hydrocarbon reserves of 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
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