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Investor Relations
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FinancialNews
09-02-21
Iran finishes digging operations of 117 oil, gas wells
(MENAFN)The managing director of the company stated that National Iranian Drilling Company (NIDC) excavated and finished digging operation of 117 oil and gas wells in the first nine months of the current Iranian year.
The drilled wells contain 27 development wells, categorized as: one appraisal well, 85 workover wells, and four exploratory wells, according to Abdollah Mousavi.
In this time span, 18 wells were drilled 326 days earlier than it planned and handed over to the applicant company for operation, he further stated, adding that the early production of the wells, rig clearance, and cost reduction, that were reasons of collaboration amid the experts of NIDC and the operating company is economically viable significantly.
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