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Iran’s national drilling company buys equipment worth $500 million in 3 years

Business Materials 12 December 2012 19:05 (UTC +04:00)
The National Iranian Drilling Company (NIDC) has procured $500 million worth of equipment during the past three years, the Shana News Agency quoted the NIDC managing director Heydar Bahmani as saying.

Azerbaijan, Baku, Dec. 12/ Trend G.Mehdi/

The National Iranian Drilling Company (NIDC) has procured $500 million worth of equipment during the past three years, the Shana News Agency quoted the NIDC managing director Heydar Bahmani as saying.

He added that 72 drilling rigs belonged to the company are operating both in onshore and offshore fields.

Totally, 123 drilling rigs are in operation in Iran's offshore and onshore oilfields.

98 rigs are in operation in onshore fields, 24 in offshore fields and a single rig is in operation in the Caspian Sea.

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.

The NIDC has invested over $1 billion to expand its drilling facilities and over $200 million to provide spare parts.

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