The National Iranian Oil Company’s drilling operations and the discovery of hydrocarbon reserves have witnessed a considerable rise over the last five years, the head of NIOC’s Exploration Department said.
“Seismic and geophysical operations in joint oil and gas fields in border regions have gained impetus and NIOC’s next priority is gathering geophysical data to discover new reserves in the Persian Gulf,” Mehdi Fakour was also quoted as saying by IRNA.
Giving a breakdown, the official noted that the number of drilled onshore and offshore oil and gas wells has experienced 100% growth and the length of drilled wells has increased by 36% during the five years.
According to the official, close to $100 million have been spent on two- and three-dimensional seismic surveys since last March, covering 20,000 kilometers in 11 provinces, up fourfold compared to a year ago.
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