Energy
0

NIDC Using Domestic Knowhow, Goods 

Fath 72, completed in 2020, was the second rig manufactured by ACECR. The first (Fath 71) was delivered to NIDC in 2018 and the third (Fath 73) will soon become operational
NIDC Using Domestic Knowhow, Goods 
NIDC Using Domestic Knowhow, Goods 

In line with efforts to expand the scope of its activity in offshore and onshore oilfields, the National Iranian Drilling Company will start operating its third domestically-manufactured drilling rig soon, the company’s managing director said.
“Fath 73 is the third hi-tech system made by the Tehran-based Academic Center for Education and will soon become operational in oilfields,” Hamidreza Golpayegani was also quoted as saying by IRNA.
The NIDC chief said the use of domestic firms’ knowhow, goods and services are high priorities for promoting knowledge-based firms.
Referring to the rig’s technical features, Golpayegani added that the system, built at a cost of $20 million, can dig up to 20,000 feet (6,000 meters).

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