NIDC drills over 1200 wells in 7 years

TEHRAN,Sept.6(MNA) - The National Iranian Drilling Company (NIDC) has drilled 1202 oil and gas wells since August 2005, the NIDC managing director Heydar Bahmani said. The drilling operations, which were amounted to 2,724,000 meters in total, were carried out both on offshore and onshore fields, he added. Currently 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. NIDC has invested over $1 billion to expand its drilling facilities and over $200 million to provide spare parts. The company accounts for 90 percent of drilling operations across the country.