Technical Director of Oil Ministry's Central Regions' Oil Company stated Monday that his affiliated company's is to work out 46 new oil wells before March 20th, 2009
Technical Director of Oil Ministry's Central Regions' Oil Company stated Monday that his affiliated company's is to work out 46 new oil wells before March 20th, 2009.
To decrease expenses from digging wells the company Central Region's Oil Company, CROC, will take an effort in reducing the lengthy period of oil well digging.
Abdolbaqi Qofrani who was speaking for managers of the CROC estimated that the cost of oil and gas well digging in current Iranian Year would be more than 400 million dollars, saying, "We will need nineteen derricks for digging 46 new oil wells and mending 13 old ones, while there are currently nine wells being dug in central parts of Iran."
Qofrani said that the survival of digging industry in Iran depends on discovery of and getting access to new oil fields, arguing, "Oil resources within the countries' oil fields are doomed to end and in order to keep the oil and gas digging industry in a blossoming status it is necessary to discover new fields."
Qofrani said that the future plans of RCOC would be mainly focused on expansion of new oil and gas fields in Shakheh, Aban, Azar, Kouh Reeg, Zireh and Namak Qarbi fields, concluding, "By the year 2011, relying on development and putting to use of RCOC's new oil and gas fields, this company's oil production capacity would increase to 500,000 barrels and its gas production to 400 million cubic meters.
