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Dana Energy Company Signs MoU With NIDC

The Oil Ministry intends to secure the domestic firms’ presence in the   energy industry. 	The Oil Ministry intends to secure the domestic firms’ presence in the   energy industry.

The National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, has signed a memorandum of understanding with Dana Energy Company to cooperate in oil and gas development projects.
The MoU was signed by Sepehr Sepehri, NIDC's managing director, and Mohammad Iravani, the CEO of Dana Energy Company, on Sunday based on EPC (engineering, procurement and construction) and EPD (engineering, procurement and drilling) contracts, NIOC's news portal reported.
As per the agreement, Dana will provide NIDC with a range of services, including technical engineering support, and supply drilling and extraction equipment. 
According to Sepehri, the move is in line with the Oil Ministry's policy to indigenize oil and gas equipment.
Dana is a leading private oil and gas company active in exploration and production, upstream services and energy trading. 
 

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