wells
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NIDC completes drilling of 114 oil, gas wells
SHANA (Tehran) – The National Iranian Drilling Company announced it has drilled and completed 114 oil and gas wells, with over 115,000 meters drilled, during the first year of the 14th administration's term.
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Boosting Well Productivity by Innovative Strategies
SHANA (Tehran) - Iran sits atop the world’s largest hydrocarbon reserves, with its massive South Pars gas field alone holding an estimated 280 tcf of recoverable natural gas. Yet despite this abundance, maximizing well productivity remains a critical challenge for Iran’s oil and gas industry.
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New contractual framework for low-yield wells
The average output of Iranian oil wells is 1.55 tb/d. Since the bulk of oil wells in Iran have already reached the second half of their lifecycle and would continue to see their production fall, the National Iranian Oil Company (NIOC) decided in 2021 to engage local technological companies to rehabilitate shut-in and low-yield wells. Amir Moqiseh, NIOC’s deputy director of investment and business, has said rehabilitation of each well would require $1 million, adding that a new model of contract, similar to the “Iran Petroleum Contract” (IPC), has been designed for low-yield and inactive wells.
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NIOC signs contracts with domestic companies to drill 35 South Pars infill gas wells
SHANA (Tehran) – The National Iranian Oil Company signed four contracts with domestic companies to drill 35 infill wells in the South Pars gas field, said the NIOC managing director on Monday.