Drills 2,500 Oil & Gas Wells
All littoral countries of the Persian Gulf have indicated their
readiness to cooperate with NIDC
Managing director of National Iranian Drilling Company (NIDC), Heidar
Bahmani, announced that a total of 190 oil and gas wells have been drilled
in the current Iranian calendar year (started March 21, 2011), adding that
by the end of the Fifth Economic Development Plan, a total of 2,500 wells
will be drilled.
Speaking to reporters on the sidelines of the 16th International Oil, Gas
and Petrochemicals Exhibition in Tehran, he added that National Iranian
Drilling Company repaired 186 wells last year, up by 50 compared to 2009.
During the same year, 13 rigs have been added to National Iranian Drilling
Company's fleet and according to the existing plans, 10 more onshore and
offshore rigs will be purchased in the first half of the current Iranian
calendar year to increase total number of the company's rigs to 70.
Bahmani noted that NIDC has not been active in offshore projects in past
years, adding, "The Company has signed contracts to drill a total of 3.5
billion dollars of offshore wells. The contracts pertained to phases 9, 10,
14, 17, and 18 of South Pars gas field."
The official referred to cooperation between NIDC and Exploration Department
of National Iranian Oil Company, saying that 13 exploration wells are
currently being drilled at Kish gas field using two drilling rigs.
Bahmani noted that according to the Fourth Economic Development Plan, 935
million dollars had been allocated to NIDC of which 400 million dollars has
been spent thus far.
The official announced that financial turnover of NIDC stands at 1.3 billion
dollars a year, noting that the figure proves inefficiency of international
Bahmani said that 16,000 drilling parts are currently being manufactured
inside the country.
"At present, two onshore rigs are being manufactured by Fajr Shiraz Co., two
rigs by Sadra Co., one rig by Iman Taksaz Co., and seven rigs are being
manufactured out of the country," he said.
The official added that the Iranian drilling industry has reached
self-sufficiency by 90 percent and is doing its best to increase that figure
to 100 percent.
Bahmani noted that NIDC is currently operating 65 rigs, including 62 onshore
and 3 offshore rigs.
"National Iranian Drilling Company has signed a contract with some Asian
countries to build an offshore rig worth 200 million dollars and 6 onshore
rigs worth 150 million dollars," he added.
The official noted that there is no drilling technology in the world which
has not been indigenized yet and NIDC is currently working with 12
creditable Iranian universities to uplift its technology.
Managing director of NIDC further stated that all littoral countries of the
Persian Gulf have indicated their readiness to cooperate with NIDC and
several rounds of talks have been already held with high-ranking Iraqi