BAKU, Azerbaijan, July 8. The National Iranian Drilling Company (NIDC) attaches great importance to the domestic production of drilling rigs and various spare parts, NIDC Managing Director Mehran Makvandi told reporters, Trend reports.
According to him, this has been one of the strategic priorities of the NIDC in recent years. In this direction, the third drilling rig was manufactured domestically. The repair of this drilling rig saved $7 million.
Makvandi pointed out that the NIDC, which started its operations with six drilling rigs in 1979, currently has dozens of drilling rigs at its disposal and plays an important role in drilling and delivering the country's oil and gas wells.
"Last year alone (from March 20, 2024, through March 20, 2025), 100 oil and gas wells were drilled in the country using 62 drilling rigs. 24 of them were development wells and 76 were repair wells. This reflects that the National Drilling Company continues its activities with all its might within the framework of a clear program," he noted.
As many as 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran
can produce 340 billion barrels of this gas with existing
technological equipment. Iran can use about 30 percent, while 70
percent remains unused underground.
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