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Drilling 30 oil wells in Turkmenistan earns Iran $300 million

Iran Materials 2 January 2012 13:31 (UTC +04:00)

Azerbaijan, Baku, Jan. 2 / Trend F.Milad/

Iran has earned some $300 million from drilling 30 oil wells in Turkmenistan waters in the Caspian Sea during the past five years, Iran's North Drilling Company (NDC) managing director said.

The country has prepared comprehensive plans to carry out drilling operations and export technical and engineering services to different countries, the NDC head Hedayatollah Khademi told the Pana news agency.

It also plans to increase the number of drilling rigs operating on the onshore and offshore oilfields by 36 units to reach 134 units by March 2014, the National Iranian Oil Company's (NIOC) managing director said.

Ahmad Qalebani told the Shana news agency that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic metres by 2015.

Some 2500 oil and gas wells should be drilled and commissioned during Iran's fifth, five-year economic development plan (2010-2015).

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