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Sahar-2 Rig Starting Drilling in Persian Gulf

Source: www.gulfoilandgas.com 5/7/2012, Location: Asia

Construction of Sahar-2 drilling rig has progressed by 45 percent and is expected to start drilling operations in Persian Gulf in next seven months.

Managing director of the North Drilling Company (NDC), Hedayatollah Khademi announced this adding Sahar-1 drilling rig, which was imported last year, is ready for transferring to Persian Gulf to start drilling in Farzad-A field.

Khademi also reported of continuation of buying and constructing drilling rigs by the company adding based on an order by the Minister of Petroleum, we have buying 4 offshore and 10 onshore drilling rigs on the agenda.

He expressed hope the drilling rigs to start operations on schedule provided financial resources to be provided on time.

He declared the cost of each offshore and onshore drilling rig respectively 170 million dollars and 25 million dollars.

‘We are planning to import at least 2 offshore and 3 onshore drilling rigs this year’, the official said.

He referred to domestic banks’ resources as one of the sources of providing money adding last year the company borrowed 50 million euros from Bank Mellat to buy Sehar-1 drilling rig.

Elsewhere in his remarks, Khademi said that North Drilling Company was an international drilling company adding some Asian and Southern American countries have requested the company to do drilling in those countries.

‘We are planning to extend our activities to other countries across the globe but we prefer cooperation with neighboring countries due to proximity and better logistics’, the official concluded.

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