BAKU, Azerbaijan, July 8. The National Iranian Drilling Company (NIDC) plans to purchase 15 drilling rigs worth $800 million this year (from March 21, 2025, through March 20, 2026), NIDC Managing Director Mehran Makvandi told reporters, Trend reports.
According to him, the drilling rigs will have 1,000, 1,500, 2,000 and 3,000 horsepower.
Makvandi said that the purchase of the mentioned drilling rigs has already been approved by the Supreme National Security Council of Iran and the rigs will be purchased with the support of the Ministry of Oil and the National Oil Company. The drilling rigs will be used mainly for drilling exploratory wells and the rigs will be equipped with modern technologies.
The official noted that high-pressure pumps, oil layer inspection and well inspection equipment will be also purchased this year.
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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