Tag Archives: National Iranian Oil Co. (NIOC)

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 director of production at the National Iranian South Oil Company (NISOC) announced the technological needs of his company.

The National Iranian Oil Company (NIOC) has planned to sell 6 million barrels of heavy and light crude oil and gas condensate at the international floor of the Iran Energy Exchange (IRENEX).

Last year. Iran eyed 300.000 barrels per day oil production from its West Karoun oilfields.

Iran could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.

It covers an area of 9.700 square kilometers. of which 3.700 square kilometers belongs to Iran.

Iran’s gas exports to Iraq continued uninterrupted.