Tag Archives | drilling

NIDC Drills 43 Oil, Gas Wells in Q1

The National Iranian Drilling Company (NIDC) completed drilling of 43 oil and gas wells over the course of the first three months of the current Iranian calendar year which began on March 21. Hamidreza Khoshyand, deputy managing director of NIDC, said the wells were spudded in offshore and onshore projects across Iran. He also said […]

NIDC Drills 143 wells in 10 Months

The National Iranian Drilling Company (NIDC) has drilled 143 oil and gas wells over the course of the past 10 months. Sepehr Sepehri, NIDC managing director, has said that his company has drilled 222,381 meters of wells during the period, spuding development, workover, exploration and appraisal wells. He said the projects were carried out in […]

Eni invites NIDC to Participate in Tenders in Iraq

By John Lee. Italian oil giant Eni has reportedly invited the National Iranian Drilling Company (NIDC) to participate in its international tenders in Iraq. NIDC managing director Sepehr Sepehri is quoted as saying that Eni has invited the NIDC to take part in three drilling tenders that the it plans to hold in Iraq. The […]

NIDC Eyes Iraqi Drilling Market

The National Iranian Drilling Company (NIDC) is planning to participate in neighboring Iraq‘s drilling tenders. Speaking to reported on the sidelines of an oil show in Kish Island, on Tuesday, Sepehr Sepehri, NIDC managing director, said the company’s approach is to secure itself a toehold in global markets, adding NIDC is planning to participate in […]

Iran starts Early Production at South Yaran Oilfield

Iran has started producing 10,000 barrels per day of crude oil from the South Yarn oilfield, which it shares with Iraq. According to the Petroleum Engineering and Development Company (PEDEC), the company’s managing director Nooreddin Shahnazizadeh said 6 wells of the field have become productive, yielding 10,000 b/d of crude in the early production phase […]

NIDC Drills 43-km of Directional Wells

By John Lee. The National Iranian Drilling Company (NIDC) carried out 43,498 meters of directional and horizontal drilling, in 55 holes, in Iran’s during the first half of the current Iranian fiscal year (started March 20, 2017). The head of the Special Operations Bureau at the NIDC, Mehran Alipour, told Trend that this is up 16 […]

Singaporean Firm Fined for Violating Sanctions

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a $415,350 settlement with COSL Singapore Ltd, headquartered in Singapore, to settle COSL Singapore’s potential civil liability for 55 apparent violations of the Iranian Transactions and Sanctions Regulations, 31 C.F.R. Part 560 (ITSR). Between on or about October 7, 2011 to […]

Iran, Russia, Turkey Sign $7bn Drilling Deal

Turkey’s Unit International announced it has signed a $7 billion agreement with Iran’s Ghadir Investment Holding and Russia’s state-owned Zarubezhneft to drill for oil and natural gas in Iran. In a statement, Unit said the three companies had invested a total of $7 billion for the drilling, which would take place at three oil fields […]

Iran to Increase Oil Recovery from Forouzan Oilfield

The Iranian Offshore Oil Company (IOOC) says it will increase crude oil production from the Forouzan oil field by 12,000 b/d once it starts operating a new platform over the field. Hamid Bovard said his company, which operates offshore oil fields for Iran, has plans to launch projects that will add a total of 110,000 […]

Iran Drills 11 Offshore Wells in 2016

The National Iranian Drilling Company (NIDC) drilled, or repaired 11 offshore wells in the Persian Gulf during the course of the previous Iranian calendar year (ended March 20), an official NIDC official said. Siamak Afshari, director of NIDC’s offshore drilling operations, said the wells required 6,240 meters of drilling of which 2,512 meters of development […]

NIDC Spuds 193 Wells during Last Calendar Year

The National Iranian Drilling Company (NIDC) successfully drilled 193 oil and gas wells during the previous calendar year which ended on March 20. An NIDC official, Naser Qolipour says 50 of the wells were completed 742 days ahead of plans. He said the company drilled 293,605 meters of wells during the same year. NIDC is […]

Iran Running 7% of World Drilling Rigs

Iran is in possession of nearly 7 percent of the world’s oil rigs, a senior Iranian oil official said. Roknoddin Javadi, deputy petroleum minister for supervision over hydrocarbon reserves, told an international drilling congress on Saturday that 7 percent of the world’s drilling rigs are currently operating in Iran’s oil and gas industry. He said […]

Iran to Drill 500 new Oil Wells in 5 Years

By John Lee. Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official said on Saturday. Iran’s daily output in January was close to 3.9 million barrels. “We […]

Big Rise in Tenders for Iranian Offshore Projects

By John Lee. Zawya reports that the number of tenders for Iranian offshore projects increased by 20 percent in the last Iranian calendar year. The Head of the Contracts Department at the Iranian Offshore Oil Company (IOOC) said that 120 tenders were held last year for development of the offshore sector and the sea fields, […]

Iran Negotiating Drilling Deals with 30 Foreign Firms

By John Lee. The managing director of the National Iranian Drilling Company (NIDC) has said that Iran is holding talks on oil drilling projects with 30 European and Asian companies. Heydar Bahmani said on Sunday that Iran was willing to cooperate with foreign companies “utilizing the world’s modern technologies.” (Source: Sputnik)

NIDC Rig Count hits 76

By John Lee. Shana reports that the National Iranian Drilling Company (NIDC) now operates 76 drilling rigs, at Azadegan, South Yaran, Sohrab, Azar and Phase 14 of South Pars. It quotes NIDC deputy managing director Hamidreza Khoshayand as saying that the company has spudded 169 wells, including 88 development wells, 2 exploration wells and 79 […]

NIDC to Add Rigs to South Azadegan Oilfield

The First Deputy Managing Director of the National Iranian Drilling Company (NIDC) said the company will add two more drilling rigs to the development project at South Azadegan oilfield. Mohammad Reza Takayedi told Shana that NIDC has been tasked with drilling operations of 40 wells in a 24-month period. He said if the operator of […]

NIDC Considers Int’l Orders, Prioritises Home Business

The National Iranian Drilling Company (NIDC) is in negotiations with Italian firms Eni and Saipem, with a view to offering its services internationally. Company boss Heydar Bahmani also said NIDC is in talks with the Iraqi National Oil Company for increasing cooperation and the two companies have signed an agreement in this regard. But he […]