Tag Archives: Drilling

This is the first toothed drilling bit built locally in Iran’s oil industry.

Fath 72 Drilling Rig. built by Academic Center for Education. Culture and Research (ACECR). has been unveiled in a ceremony attended.

The Iranian-made toothed drilling bit has entered mass production phase.

The rig’s maximum drilling depth is reported to be 20.000 feet. and the structure is able to tolerate a maximum static load of one million pounds.

The CEO of the Petropars Group said his company had won a tender to develop a production maintenance and enhancement project in Forouzan Oilfield.

Natural gas futures sank to a four-year low as the latest U.S. forecasts all but eliminated bulls’ hopes for a late-winter cold push.

Ankara has stepped up its efforts to exploit the potentially rich hydrocarbon reserves in the east Mediterranean.

The total number of wells producing crude oil and natural gas in the United States fell to 982.000. down from a peak of 1.035.000 wells in 2014.

The UAE wants to achieve gas self-sufficiency and possibly become a net gas exporter.

Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates.