Tag Archives: National Iranian Drilling Co. (NIDC)

Italy’s Eni Company is the winner of 39 oil wells in Iraqi Basra and Zubayr regions.

Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.

NIDC is pursuing two major targets in the neighboring country.

Rag Sefid field. holds an estimated 16.5 billion barrels of crude oil in place.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

9th Specialized Exhibition of Domestic Manufacturing Oil Industry Equipment

The company has performed more than 96.000 meters of drilling operations during the four-month period.

The wells included 14 delineation wells one exploratory and 27 repairing ones.

NIDC has held constructive talks with Italian firms to restart cooperation in oil and gas drilling projects.

NIDC owns 75 offshore and land drilling rigs and is touted as the Middle East'.s biggest drilling company.