Jan 26, 2016, 12:37 PM
Oil well drilling swells

TEHRAN, Jan. 26 (MNA) – NIDC deputy head said about 300 thousand meters of new oil and gas wells have been drilled in the first 10 months of the current Iranian calendar year (began March 21, 2015).

Deputy Head of the National Iranian Drilling Company (NIDC) Hamidreza Khoshayand stressed that developmental activities in various countries are shrinking as a result of the falling oil prices in the global market; “some large oil producers like Norway, Algeria, Kazakhstan and Venezuela have declared a state of emergency,” he asserted.

“On the other hand, official statistics indicate a reduction in the number of active drilling platforms in giant oil and gas producing states,” highlighted the official adding “for the ninth time over the past two months, a decrease was experienced in the number of drilling platforms in the US.”

Meanwhile, in time with the drastic dwindle in investments in the world’s oil and gas industries, the developmental activities in the upstream section of Iran’s oil industry have mushroomed.

Accordingly, during the first 10 months of the current Iranian calendar year, a total of 24 oil and gas wells have been drilled which mount up to about 300 thousand meters.

The official stated that in the meantime, a total of 155 oil and gas wells have been drilled or accomplished; “exploratory, developmental-descriptive and repairing oil and gas wells have been drilled covering the wide range of 10 Iranian provinces,” he asserted.

The official maintained that during the first three quarters of the current Iranian year, numerous wells were drilled in various areas including 90 wells in southern oil-rich areas, 11 in the central regions among the others.

Recalling that during the mentioned period, the drilling process was accomplished 491 days ahead of the defined schedule, Khoshayand maintained “early production of well and early discharge of rigs hold a high economic value in the drilling industry.”

 

HA/3033719

 

News Code 113892

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