NIDC in Talks over $200m Offshore Rigs, Overseas Projects: CEO

TEHRAN, March 6 (Shana) – Managing director of the National Iranian Drilling Company (NIDC) said the firm needs to buy offshore rigs worth 200 million dollars as negotiations are underway with domestic and foreign investors from Asia and Europe.

“Number of drilling rigs will increase to 80 next year (starting March 21),” Heydar Bahmani told Shana saying that NIDC currently owns 75 rigs.

Bahmani added that despite of the sanctions, NIDC managed to achieve 90 percent of its targets this year (to end March 20). 

He also said that NIDC supports the private sector in carrying out domestic projects as well as in foreign activities such as Iraq and Persian Gulf projects following removal of sanctions. 

“We have conducted negotiations with the Chinese after they won a tender bid in Iraq so that we can provide a number of their equipment. We are also in negotiations with some European firms active in Iraqi projects in order to jointly work in the country’s south and north.”

The NIDC chief also said that negotiations with Italian, Singaporean, and Chinese firms are underway based on which they will be able to finance the project to be carried out by the Iranian drilling firm.

News Code 256377

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