Iran drills over 75 km of oil & gas wells

By Azernews

By Sara Israfilbayova

The National Iranian Drilling Company (NIDC) drilled over 75 kilometers of oil and gas wells using its drilling fleet during the first quarter of Iran’s current fiscal year (March 20-June 21), said Hamid Reza Khoshayand, deputy managing director of NIDC.

The company carried out drilling of 42 offshore and onshore oil and gas wells during the period, Khoshayand said, NIDC reported on June 25.

The wells included 14 delineation wells one exploratory and 27 repairing ones, he added.

The National Iranian South Oil Fields Company (NISOC) shared 33 of the drilled wells, followed by Iranian Petroleum Engineering and Development Company (seven wells), and Iranian Offshore Oil Company (two well), he said.

The NIDC owns 74 light, heavy and ultra-heavy onshore and offshore drilling rigs with over 17,000 employees.

The company carried out drilling of 193 offshore and onshore oil and gas wells (293 kilometers) during the last Iranian fiscal year (ended March 20, 2017).

Iran has natural gas reserves of 34 billion cubic meters, almost 40 percent more than Qatar, the world’s biggest exporter of liquefied natural gas, according to BP Plc.

Iran is producing about 700 million cubic meters per day (mcm/d) of gas, while the country has planned to increase this volume to 1,300 mcm/d by 2020.

BP’s statistical review of world energy 2015 reports that Iran holds 9.3 percent of the world’s total proven oil reserves.

Before sanctions, Iran was exporting 2.2 million barrels per day of crude oil.