National Iranian Drilling Company is working on seven wells in Gachsaran Oilfield in Kohgiluyeh and Boyer-Ahmad Province and five wells in Naftshahr Oilfield in Kermanshah Province. Drilling 16 wells in South Azadegan Oilfield in Khuzestan Province will start soon, the managing director said.
Abdollah Mousavi said the drilling rigs, procurement of technical and physical assets and engineering services will be provided by NIDC, ILNA reported.
Raising production from South Azadegan Oilfield is a declared policy of the Petroleum Engineering and Development Company, a subsidiary of National Iranian Oil Company.
“Thirty five wells are either being drilled or repaired in the field on which the processing equipment will be installed by March,” Mousavi added.
When the wells start production, the field's output will rise by 50,000 barrels per day.
The field's output has increased from 30,000 barrels per day to 100,000 bpd over the past two years and production capacity will reach 150,000 bpd before the Iranian fiscal is out in March.
Gachsaran Oilfield has total proven reserves of around 52.9 billion barrels and production is centered on 560,000 bpd. The field is owned by NIOC and operated by National Iranian South Oil Company.
Naftshahr Oilfield, with 692 million barrels of oil reserves, is one of the fields shared with Iraq.
NIDC has indigenized 5,000 drilling parts in collaboration with domestic firms over the past two decades, which accounts for almost 80% of the needs of the key oil and gas industry.
Of the 1.2 million parts and equipment required by the industry, almost 800,000 are produced domestically.
A leading player in the key oil and gas drilling industry in the Middle East, NIDC is working to secure a footprint in the oil- and gas-rich states namely in Iraq, Oman and Qatar.
It undertakes offshore and onshore drilling and provides more than 90% of drilling services to domestic oil companies.
