19 May 2012

National Iranian Drilling Company's (NIDC) 4th land drilling rig was set up in North Azadegan Oilfield as part of the first phase of the project to develop the oilfield, a company official said.

NIDC deputy managing director, Mohammad Reza Takayedi said the Fath 37, 65 and 88 drilling rigs, that are among the company's most advanced ones, have already been in operation.

He said the company plans to drill 22 development wells in the oilfield within the first phase of the project, IRNA  reported on Friday.

Takayedi added that between 2000 and 2003, NIDC drilled 6 descriptive-exploration wells in the oilfield and that following specialized analyses and studies, drilling resumed in 2007.

"Since 2007, 19 development wells have been drilled and completed by the company. It raises the total number of wells to 25."

Azadegan Oilfield, consisting of the north and south parts, is in Khuzestan province. With an area of approximately 900 square kilometers, it is among the largest oilfields.

With the efforts of Iranian experts, protective production in the southern part of the oilfield began in 2007 and drilling in the northern part started in 2011. In the first development phase, daily production of 75,000 barrels of oil has been predicted in the filed. The total oil reserves of Azadegan Oilfield is estimated at about 6.5 billion barrels.

© Iran Daily 2012