NIDC drills 116 oil, gas wells in 11 months; posts 23% surge
The National Iranian Drilling Company (NIDC) drilled and completed 116 oil and gas wells in the first 11 months of the current Iranian year, starting March 21, using its fleet of rigs in onshore and offshore fields, Masoud Afshar, deputy managing director for drilling operations, told IRNA.
The figure was up 23% from the same period last year, he said.
Of the wells completed, 25 were development wells and 91 were workover wells, which he said play a significant role in maintaining and increasing production.
The completed wells included 95 in areas operated by National Iranian South Oil Company, eight for Central Iran Oil Company, three for Iranian Offshore Oil Company, four for Oil Engineering and Development Company, and six delivered under project frameworks, Afshar said.
Total drilling length reached 117,483 meters in the 11-month period, up 12% year on year, he added, noting that 20 of the company’s 64 active rigs are currently being relocated across operational areas.