Startups Capable of Helping NIOC Boost Oil, Gas Output

By using cutting-edge technologies of startups, it is possible to enhance oil and gas output capacity from hydrocarbon reserves in abandoned wells, the head of the Oil Industry Technology and Innovation Park said.
“As soon as we get the approval of the Economic Council, several contracts will be concluded with the National Iranian Oil Company to both revive abandoned wells and increase production level from wells whose output have decreased,” Mohammad Esmaeil Kefayati was also quoted as saying by IRNA.
More than 500 knowledge-based firms are active in oil, gas and petrochemical sectors and taking advantage of their prowess can help reduce costs in the key industry, he added.
Kefayati said plans are underway to link startups with local oil and gas firms so that they can help minimize the risk of c ventures like applying modern enhanced oil recovery (EOR) and improved oil recovery (IOR) techniques that are crucial for increasing production.