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FinancialNews
02-01-21
National Iranian Drilling Company completes digging operation of 107 oil wells
(MENAFN)According to Alireza Laiji, the company"s deputy managing director, National Iranian Drilling Company (NIDC) has dug and finished the digging operation of 107 oil wells in the West Karoun oilfields.
Conducting 137,900 meters of digging operation to dig 70 wells in Azadegan oilfield (one of the five fields of West Karoun) is one of the major operations by this company, he declared, noting NIDC"s major role in the implementation of the key projects.
West Karoun oilfields, which Iran shares with Iraq at the western part of Iran"s southwestern region of Karoun, include five main fields namely North Azadegan, South Azadegan, North Yaran, South Yaran, and Yadavaran.
Since the recent studies, West Karoun holds great significance for the country"s oil industry, its in-situ deposit is expected to be 67 billion barrels containing both light and heavy crude oils, and therefore it could have a big impact on Iran"s oil output improves soon.
MENAFN02012021000045011369ID1101372262
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