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NIDC Drills 11 Gas, Oil Wells in First Month of Year

NIDC Drills 11 Gas, Oil Wells in First Month of Year
NIDC Drills 11 Gas, Oil Wells in First Month of Year

The National Iranian Drilling Company drilled 11 gas and oil wells in the oil-rich regions of Iran during the first month of the current Iranian year (March 21-April 20), the deputy director of the company for drilling operations said.
“The wells included development and exploratory wells,” Masoud Afshar was also reported as saying by the Oil Ministry’s news agency Shana.
Speaking about the length of drilling in the one-month period, he said, “Altogether 7,621 meters were drilled. The company's 22 drilling rigs of the company are operating in oil-rich regions.” 
Handling nearly 70% of onshore drilling, NIDC has 75 drilling rigs, 68 of which are used in joint oilfields, namely Azar and South Pars. It is the main offshore and onshore contractor and provides 90% of drilling services to domestic companies.
The company has a key role in drilling exploratory and development wells in Azadegan Oilfield in Khuzestan Province near the Iraqi border and in South Pars, the world's largest gas field Iran shares with Qatar in the Persian Gulf.
The firm has allocated $23 million to upgrade drilling devices and equipment, including fluid pumps, chart recorders and generators.
NIDC draws on the capacity and potential of domestic firms in indigenizing parts and equipment for the key oil and gas sector.
The firm has indigenized the knowhow for manufacturing over 6,000 drilling equipment, in collaboration with domestic manufacturers and engineers in the past few years.
Indigenized equipment includes blowout preventers, traction motors, draw-works, drilling fluid recycling systems, mission centrifugal pumps, top drives and drilling rig slow circulation rate pressure systems.

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