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Iran’s drilling operations fall by 10%

Business Materials 2 December 2017 16:54 (UTC +04:00)

Baku, Azerbaijan, Dec. 2

By Fatih Karimov– Trend:

The National Iranian Drilling Company (NIDC) drilled over 178.4 kilometers of oil and gas wells using its drilling fleet during the first eight months of Iran’s current fiscal year (March 20-Nov. 22), Hamid Reza Khoshayand, deputy managing director of NIDC, said.

The figure indicates a fall by 9.9 percent compared to 198 kilometres ‎of oil and gas wells drilled by the company during the same period of last fiscal year.

The company carried out drilling of 100 offshore and onshore oil and gas wells during the period, Khoshayand said, NIDC reported.

The wells included 40 delineation wells two exploratory and 58 repairing ones, he added.

The NIDC drilled over 20,800 meters of oil and gas wells in the 8th Iranian calendar month (Oct. 22-Nov. 22).

The National Iranian South Oil Fields Company (NISOC) shared 76 of the drilled wells, followed by Iranian Petroleum Engineering and Development Company (16 wells), Iranian Offshore Oil Company (six wells) and Exploration Directorate of National Iranian Oil Company (two wells), he said.

The NIDC owns 74 light, heavy and ultra-heavy drilling rigs, the official added.

The company carried out drilling of 193 offshore and onshore oil and gas wells (293 kilometers) during the last Iranian fiscal year (ended March 20, 2017).

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