Mohammad Esmaeil Kefayati, the park chief, said new homegrown technologies will be employed to revive these wells and even increase the output of active wells.
He added the Petroleum Industry Innotech Park and knowledge-based companies have had good cooperation this year.
The project of reviving oil wells is an exceptional opportunity for domestic knowledge-based companies to work on Iran’s wells for the first time, Kefayati continued.
He expressed hope that the annual production of more than 700 low-yield oil wells will rise to 80 million barrels.
Your Comment