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First Iranian-made drilling rig to be commissioned within 10 months

Business Materials 17 July 2012 12:27 (UTC +04:00)

Azerbaijan, Baku, Jul.17/ Trend F.Milad/

Iran will commission its first domestically-made drilling rig in the southern onshore fields within the next 10 months, the Fars News Agency quoted Mohammad-Hossein Yadegari, head of the Collegiate Jihad Organisation as saying on Tuesday.

The Oil Ministry and a domestic consortium struck a deal last Wednesday for building 14 onshore drilling rigs. These will take 28 months to be manufactured, Yadegari said.

Iranian deputy oil minister has said that the country is heading toward self-sufficiency in building onshore drilling rigs.

Mohammad-Reza Moqaddam told the Shana News Agency that Iran has the potential to be an exporter of drilling rigs in 2015.

On June 8, Pars Oil and Gas Company (POGC) of Iran 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.

POGC managing director, Mousa Souri, told the Mehr News Agency that at present there are 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).

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