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Massive Drilling Operations Underway in Iran

Service : Economy
TEHRAN, July 2 (ICANA) – Director of the National Iranian Drilling Company Heidar Bahmani announced on Saturday that drilling operations are underway in 3,146 oil and gas wells throughout the country.
Saturday, July 02, 2011 10:04:45 PM
Massive Drilling Operations Underway in Iran

The issue was raised during a ceremony held to mark the launch of operation of the country's 89th drilling rig over Ahvaz oil field.

The ceremony was also attended by Iranian Caretaker Oil Minister Mohammad Aliabadi.

Bahmani stated that 2,896 oil and gas wells are onshore while 250 wells are offshore.

He mentioned that 10% of the total number of the world's onshore wells is in the Middle-East, 3% of which is located in Iran.

Last week, the National Iranian Oil Company (NIOC) Director for Exploration Seyed Mahmoud Mohaddes announced that the company has launched new drilling operations in different parts of the country to explore more hydrocarbon fields.

Mohaddes said digging operations are already underway in a number of exploration wells, including Attar in the Northeastern province of Khorassan Razavi, Delavaran, Mousian and Shour in the Western province of Ilam, Moshtaq, Sepehr, Mehr and Sohrab in the Southwestern province of Khuzestan, Sim in the Southern province of Fars, and a new well in Farzad A hydrocarbon field in the Persian Gulf.

He added that the company also plans to start digging an exploration well in the North-West of Khangiran gas field.

The Islamic Republic has the world's second-largest crude reserves after Saudi Arabia and the second-largest gas reserves after Russia.

In June, the British energy company (BP) said in its latest Statistical Review of World Energy that Iran increased its crude oil and natural gas production last year.

The British company also stated that Iran has oil reserves that would last for the next 88 years and is the second longest-lasting oil source in the world.

Based on the Reserves-to-production ratio index, the UAE will be the prominent source of oil for the world with oil reserves that would last for the next 94 years.

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