Iran invests $60 million to build 3 onshore drilling rigs

Iran Materials 23 December 2012 18:10 (UTC +04:00)

Azerbaijan, Baku, Dec. 22/ Trend G.Mehdi/

The Iranian National Drilling Company has invested over $60 million to manufacture three onshore drilling rigs, IRIB quoted NDC managing director Haydar Bahmani as saying.

The rigs are capable to drill down to 6,000 meters deep into water, he said, adding that they will be commissioned by the end of the current Iranian calendar year (March 20, 2013).

Iranian Oil Minister Rostam Qasemi has urged contractors from the private sector to invest for procuring oil and gas drilling rigs.

Drilling operations at the offshore section need expensive equipment, he said, adding that over 100 onshore drilling rigs are currently needed.

Each offshore drilling rig is rented at around $150,000 per day, while the figure is around $40,000 for onshore rigs, he noted.

Iran plans to become self-sufficient in producing 19 highly used goods which are strategic to the oil industry, Qasemi said in May.

He added that the technology for manufacturing 19 of the oil goods should be indigenized by the end of the fifth five-year development plan (2015).

Strategic goods include onshore and offshore drilling rigs, pumps, turbines and precision tools, he noted.

Global sanctions against Iran have not only not hindered the country's oil industry, but also have turned the Islamic republic into an exporter of equipment and goods, he emphasized.

"Despite all the threats from our enemies, there is no concern regarding development of the oil industry relying on the expertise and knowledge of Iranian scientists," he added.