Energy
0

Major Wellhead Equipment for Deep Reservoirs Indigenized

Major Wellhead Equipment for Deep Reservoirs Indigenized
Major Wellhead Equipment for Deep Reservoirs Indigenized

Iranian experts and engineers have indigenized a wellhead equipment with a working pressure rating of 15,000 pounds per square inch, which was unveiled at Shamsabad Industrial Town in Tehran on Tuesday.
All the raw materials for the equipment have been supplied from domestic sources and all the manufacturing stages from the design to tests have been done locally by Wellhead Equipment Technology Company (WETCO), the Oil Ministry’s news agency Shana reported.
“Few countries in the world can manufacture this equipment and we had to import it before,” the oil minister said at the unveiling ceremony. “Fortunately, a knowledge-based company has indigenized the item and will mass produce it in the next five years to be used by the National Iranian Oil Company,” Javad Owji was also quoted as saying by Shana.
Those involved in the indigenization project have promised that in addition to meeting domestic needs, they would focus on making such equipment for export as well, he added.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com