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| Iran doubles drilling rigs in joint oil fields |
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 TEHRAN -- Iran’s deputy oil minister announced that the country’s drilling rigs in the joint oil fields have doubled in the last two years.
“Iran possessed 26 drilling rigs across its joint oilfields in two years ago, which has increased to 53 rigs in last year”, Mohsen Khojastemehr told Mehr news agency on Friday.
He expressed the hope that the drilling rigs across Iran’s joint oilfields would reach to 70 rigs by the end of current Iranian calendar year, which will end on March 20, 2013.
98 rigs are currently in operation on Iran's onshore fields and 25 on its offshore fields – 24 in the Persian Gulf and one in the Caspian Sea, according to the oil ministry sources.
Previously, National Iranian Oil Company Managing Director Ahmad Qalebani had said that Iran plans to increase the number of rigs operating on oilfields by 36 units to hit 134 units by March 2014, announced in February.
Currently, Iran’s in-place oil reserves are estimated at 560 billion barrels, of which 140 billion barrels are recoverable, including 70 billion barrels of heavy and extra heavy crudes.
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