Reviving Low-Yield Oil Wells, NIOC’s Severe Concern

TEHRAN (Shana) -- Figures do indicate that Iran ranks first in the world in terms of the aggregate oil and gas reserves. Taking advantage of this huge wealth or preserving it for future generations has always been a challenge for policy makers. The arrival of renewable energies and the efforts of countries to ramp up energy security and non-dependence have caused oil-rich countries to seek to optimize production from hydrocarbon reservoirs in order to turn it into a capital for future generations. In the meantime, some countries, including Iran, have put on their agenda a written program to revive inactive wells as a short-term solution to improve their oil output. The following is an overview of Iran's plan to revive low-yield oil wells.