Iran’s drilling company buys equipment worth $500m over three years
The National Iranian Drilling Company (NIDC) has procured $500 million worth of equipment during the past three years, Shana news agency quoted the NIDC managing director Heydar Bahmani as saying, Trend news agency reported.
He added that 72 drilling rigs belonging to the company are operating both on onshore and offshore fields.
Totally, 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.
The NIDC has invested over $1 billion to expand its drilling facilities and over $200 million to provide spare parts.
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