Iran Bans Buying & Renting Foreign Drilling Rigs

Source: Shana 2/20/2015, Location: Asia

National Iranian Oil Company (NIOC) has banned its subsidiaries from buying or hiring foreign drilling rigs and commodities.

The ban was instructed in a letter by Rokneddin Javadi, managing-director of NIOC, to National Iranian South Oil Company, Iranian Central Oil Fields Company, Petroleum Engineering and Development Company, Iranian Offshore Oil Company, Arvandan Oil and Gas Company, Pars Oil and Gas Company and National Iranian Drilling Company.

“As it has already been announced… it is necessary to make sure that as long as there is domestically manufactured offshore and onshore drilling rigs available in the country, it would be prohibited to purchase or rent foreign rigs,” wrote Javadi.




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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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