The deputy CEO of the National Iranian Oil Company (NIOC) for supervising oil and gas production at joint fields put the average daily crude oil produced from each oil well in the country at 1,550.

It has been more than two years that the National Iranian Oil Company (NIOC) has pursued the plan of reviving low-yielding oil wells of the country in cooperation with domestic knowledge-based companies, Ali Barati added.

He further noted that more than $1,000 should be spent for the production of an oil barrel in a newly established field.

The development of applied software and indigenized technical know-how in the oil industry is among the advantages of the plan for reviving low-yielding oil wells in the country, Barati emphasized.

Source » tasnimnews