12 July 2025 - 11:03
  • News ID: 661108
NIDC ready to expand regional role

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) announced a comprehensive plan to modernize its drilling fleet, localize equipment production, develop a national drilling engine, and repair and complete 150 oil wells by year’s end (March 20, 2026).

Masoud Afshar emphasized that the company, backed by decades of experience, is prepared to play a stronger regional role.

Afshar discussed the company’s fleet modernization efforts, stating that it has leveraged its expertise to implement a full-scale renovation plan. A key strategic move includes replacing outdated DC rigs with 15 new AC-powered drilling rigs. Two of these rigs, with 3,000-horsepower capacity, are designed for deep and geologically complex drilling, featuring advanced technology and suitability for directional drilling.

Regarding well repair and completion, Afshar said the company repaired 100 wells last year and is currently 10 wells ahead of last year’s pace. He projected a record 150 wells by year’s end.

 Continuous workforce training

Afshar highlighted the company’s ongoing training programs, noting its dedicated training center, which regularly holds specialized courses. Additionally, 270 new trainees are undergoing technical training to join the operational fleet.

 Localization of equipment

Over 75% of drilling rig components are now domestically produced, including critical parts like mud pumps, electrical systems, SCR units, cables, tanks and mixer equipment, sourced from local and knowledge-based firms.

Also, a contract has been signed with a domestic company to produce nine national drilling engines, with the first engine set to debut before year’s end.

 Overcoming sanctions through domestic capabilities

Afshar acknowledged challenges posed by sanctions but noted progress in reducing foreign dependence, particularly in engine production. Successful domestic manufacturing of SCR systems, cables and tanks has bolstered self-sufficiency.

The company has also implemented waste management systems on rigs to recycle drilling mud, cuttings and water, along with site cleanup post-operations. Noise and emission control measures are also underway.

 Future outlook

Afshar said the company aims to maintain its position as Iran’s top drilling firm and a preferred contractor. With experts engaged in international projects—including a successful operation in Turkmenistan—the company is poised to expand in neighboring markets.

He stressed that through technological advancement, equipment self-sufficiency and a skilled workforce, National Drilling is firmly on a sustainable development path and ready to take on a greater regional role.

News ID 661108

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