BAKU, Azerbaijan, September 25. A total of 46 oil and gas wells have been drilled and upgraded in Iran during six months of the current Iranian year (from March 20 to September 21, 2024), Deputy Director General of the National Iranian Drilling Company Masoud Afshar told reporters, Trend reported.
The official noted that 35 wells were drilled and put to use in the territory of the National Company of Southern Oil Zones, five in the territory of Central Oil Zones Company, two in the territory of Offshore Oil Company, and two in the territory of Petroleum Engineering and Development Company. Meanwhile, two wells were drilled and handed over under the National Oil Company's project.
Afshar stated that during the six months, the total drilling activities amounted to 54,945 meters. Compared to the same period last year (from March 21 through September 22, 2023), the drilling activities increased by 15,473 meters.
At present, Iran is in the driver's seat with 74 oil fields and 22 gas fields under its belt. The National Iranian South Oil Company has its hands full with 37 fields, while the National Iranian Central Oil Company keeps a close eye on 14. The Arvand Oil and Gas Company is in the thick of things with 5 fields, and the Offshore Oil Company is sailing smoothly with 18 fields under its belt.
Additionally, gas fields include 5 managed by the National Iranian South Oil Company, 13 by the National Iranian Central Oil Company, one by Pars Oil and Gas Company, and 3 by the Offshore Oil Company.
Iran's treasure trove of hydrocarbon reserves stands at a whopping 1.2 trillion barrels, with 340 billion barrels ripe for the picking using today's technology. The country can make hay while the sun shines with about 30 percent, while the other 70 percent is still sitting on the fence underground.