NIDC drills 46 oil, gas wells in six months

The National Iranian Drilling Company (NIDC) dug and completed the drilling operations of 46 oil and gas wells during the first six months of the current Iranian year (March 20-September), as announced by a deputy head of the NIDC.
According to Masoud Afshar, the drilled wells consisted of 10 development and 36 workover ones, Shana reported.
According to statistics, NIDC’s performance in operational, techno-engineering services, and headquarters departments has been significantly improved in recent years.
Mohsen Khojastehmehr, the former managing director of the National Iranian Oil Company (NIOC), said in June that a license has been issued which allows the NIDC to spend $800 million in purchasing drilling rigs as well as drilling related equipment and services.
According to a decision made by the cabinet, NIDC has been excluded from the list of cession to the private sector which consequently has provided the opportunity for governmental investment in the company activities as the first chain of operations in the upstream sector, Khojastemehr noted.
With regard to its experience, expertise, assets and fleet the company enjoys, NIDC is one of the most important operational companies not only in the region but in the world and that is why it is required to be supported.
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