U.S. oil output hits record as producers boost drilling efficiency

U.S. oil and gas production has continued to rise as companies squeeze more from each well despite a fall in the number of rigs employed, with the industry boosting efficiency to offset the impact of lower prices.

On the sidelines of Iran-Russia B2B meeting:

Iran’s North Drilling Company, Russia’s Traektoriya-Servis sign MoU

SHANA (Tehran) – Iran’s North Drilling Company and Russia’s Traektoriya-Servis LLC here on Tuesday inked a memorandum of understanding (MoU) on cooperation in drilling operations.

Iran Experts Manufacture Practical Drilling Items

TEHRAN (Shana) -- The Deputy Director of Research, Technology and Construction Engineering of the National Iranian Drilling Company (NIDC) said: “About 7,200 unique parts used in the drilling industry have been localized in synergy and cooperation with 400 domestic manufacturers so far.”

45% Rise in Horizontal, Directional Drilling Efficiency of Oil, Gas Wells since March

TEHRAN (Shana) -- The efficiency of horizontal and directional drilling operations of the National Iranian Drilling Company (NIDC) grew by at least 45% in the first 8 months of the current Iranian calendar year which began on March 21 compared to the same period last year.

NIOC in Exploration Talks with Foreign Partners

Exploration Activities of NIOC to Go beyond Iran Borders

TEHRAN (Shana) -- The Director of Exploration of the National Iranian Oil Company (NIOC) announced the development of the activities of the Ministry of Petroleum in the overseas sector, focusing on exploration activities and providing equipment.

NIDC Bracing for Stronger Presence in Persian Gulf

TEHRAN (Shana) -- The CEO of the National Iranian Drilling Company (NIDC) said: With the provision of three offshore drilling rigs, the company's presence in the Persian Gulf waters will become stronger in the near future.

Min. calls on Domestic Suppliers to Mind Export Markets

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the domestic manufacturers of items shall be focused on exports besides supplying the domestic markets.

Well No. 22 of Ahvaz Field Complete 11 Days ahead of Plan

TEHRAN (Shana) -- Synergy and cooperation between the specialists of the National Iranian Drilling Company (NIDC) and the National Iranian South Oil Company (NISOC) led to the early implementation of the repair and completion operation of Well No. 22 in the Ahvaz oil field by using Fath 52 Drilling Rig.

Production Capacity of Danan Field Enhanced

TEHRAN (Shana) – The CEO of Iranian Central Oil Fields Company (ICOFC) said three new wells have come online since late February at Danan Oilfield which have added 5,000 barrels per day to the field’s production capacity.

Sophisticated Drilling Tools Localized

TEHRAN (Shana) – An Iranian knowledge-based company has successfully designed and localized Free Point tools in the field of drilling oil and gas wells.

NIDC Drills 46 Oil, Gas Wells in 8 Months

TEHRAN (Shana) -- The Deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the first eight months of the current Iranian calendar year which began on March 21.

NIDC Quality Management System Certificates Extended

TEHRAN (Shana) -- The head of the Structure and Productivity Engineering Department of the National Iranian Drilling Company (NIDC) announced the renewal of the Integrated Management System (IMS) certificates including ISO9001, ISO14001 and ISO45001 in the company.

NIDC, SeaLand Ink Drilling Agreement

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) and SeaLand Engineering & Well Services have signed an agreement for the supply of two heavy drilling rigs to be used in the development plan of Bibi Hakimeh Oilfield.

New Well to be Drilled at South Pars

TEHRAN (Shana) – Pars Oil and Gas Company is planning to drill a new well at South Pars offshore gas field in order to preserve the field’s output.

Fate of Remaining South Azadegan Wells Determined

TEHRAN (Shana) -- The CEO of Petropars Group said the group has signed a deal with a local firm for operating 15 wells in South Azadegan Oilfield which determines the fate of the remaining wells in the field.

NIDC Drills 17 Oil, Gas Wells in 2 Months

TEHRAN (Shana) -- The Director of Integrated Planning of the National Iranian Drilling Company said the company has completed drilling operations for 17 oil and gas wells in the first two months of the current Iranian calendar year which began on March 21.

Wells Secured in Nowruz Offshore Field

TEHRAN (Shana) -- The final safety operation of the erupted wells No. 5, 6, 7 and 8 in Nowruz offshore field was successfully performed by the diving teams of Khark Underwater Repairs.

Key Drilling Item Localized

TEHRAN (Shana) -- A basic functional part in the drilling rig lifting equipment set was localized and operationalized in a joint venture between the specialists of the National Iranian Drilling Company and the Islamic Azad University of Ahvaz.

NIDC Drills 117 Oil, Gas Wells in One Year

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has completed 117 oil and gas wells by drilling ​​85,616 meters during the past year.

NIDC Drills 82 Wells in 8 Months

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) drilled 82 oil and gas wells over the course of the first 8 months of the current Iranian calendar year which began on March 21.

Repair, Fishing Operations of 2 Maroon Wells Carried out Without Rig

TEHRAN (Shana) – Experts at the National Iranian South Oil Company (NISOC) successfully carried out repair of faulty wellhead valves for Wastewater Injection Well No. 116 and fishing operation for Well No. 153 of Maroon field without a rig.

NIDC Drills 72 Oil, Gas Wells in 7 Months

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has spudded 72 oil and gas wells in offshore and onshore projects in the first 7 months of the current calendar year, which began on March 21.

242 Drilling Items Localized

TEHRAN (Shana) -- The director of research, technology and construction engineering of the National Iranian Drilling Company (NIDC) said: "As a result of synergy between the specialists of this company and Iranian manufacturers, in the first half of this [calendar] year, 242 widely-used items were localized in the drilling industry."

NIDC Unveils Domestically-Built Items

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has unveiled two domestically-manufactured items which are widely used in drilling operations of oil and gas wells.

DCI-1 Drilling Jacking System Upgraded

TEHRAN (Shana) -- Drilling Company International (DCI) announced the redesign and upgrade of the DCI-1 drilling control and protection system by the company's experts.

NIDC Drills 23 Oil, Gas Wells since March

TEHRAN (Shana) – The National Iranian Drilling Company (NIDC) has successfully drilled 23 oil and gas wells in the first two months of the current Iranian calendar year which began on March 20.