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Iran offers $40 million incentive to domestic contractors for building drilling rigs

Business Materials 8 June 2012 13:02 (UTC +04:00)

Azerbaijan, Baku, Jun.8/ Trend F.Milad/

Pars Oil and Gas Company (POGC) of Iran has announced that it will offer a $40m-package of incentives to domestic contractors for building drilling rigs in a bid to counter sanctions against the country's oil sector, Mehr News Agency reported.

POGC managing director, Mousa Souri said that at present 11 drilling rigs and jack-up platforms are in operation in the South Pars gas field.

He added that eight new drilling rigs will be commissioned by the end of the current calendar year (March 2013).

Currently 123 drilling rigs are in operation in Iran's offshore and onshore oilfields, an official with the National Iranian Oil Company Abdolmohammad Delparish said in March.

Delparish told Shana news agency that 98 rigs are in operation in onshore fields, 24 in offshore fields and a single rig is in operation in the Caspian Sea.

According to National Iranian Oil Company's managing director Ahmad Qalebani, Iran plans to increase the number of its drilling rigs operating in its onshore and offshore oilfields by 36 units to reach 134 units by March 2014.

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