BAKU, Azerbaijan, April 28. Iran has made significant progress in its oil and gas sector with the drilling and enhancement of 8 wells in the first month of the current Iranian year (from March 21 through April 20, 2025), Hamidreza Shafii Makvand, the Deputy Executive Director of the National Iranian Drilling Company (NIDC), told reporters, Trend reports.
Makvand stated that one of the drilled wells is a development well, while the remaining seven are repair wells.
Shafii Makvand highlighted that one development well and five repair wells were drilled in the National Iranian South Oilfields Company’s (NISOC) region, and these wells have been successfully handed over to the company. Additionally, under the drilling project in the Kish gas field, two wells were drilled and delivered to the operator in the Pars Oil and Gas Company’s area.
"During the first month, the NIDC carried out a total of 11,200 meters of drilling work. Currently, efforts are underway to deploy 11 drilling rigs across various fields," he noted.
To note, a total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three.
Iran's total hydrocarbon reserves are 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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