Vast Offshore, Onshore Hydrocarbon Exploration Operations Underway

Vast exploration operations are underway on 140,000 square kilometers to discover offshore and onshore hydrocarbon deposits, the managing director of the National Iranian Oil Company Said.
“Domestic firms, including the National Iranian South Oil Company, NIOC’s Exploration Department and the Oil Industry Research Institute of Iran, have joined hands to discover oil and gas deposits,” Mohsen Khojastehmehr was also quoted as saying by ISNA.
Early studies have been highly promising, indicating that there is still a large number of untapped resources in the country, especially in the oil-rich Khuzestan Province, he added.
“The number of oil and gas wells in Iran exceeds 3,500,” he said, adding that 70% of NIOC’s gas fields and 50% of Iran’s oilfields were discovered after the 1979 Islamic Revolution.
According to the NIOC chief, the discovery of hydrocarbon reserves has witnessed a considerable rise over the last 40 years.