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News number: 9010170497

16:01 | 2012-01-09

Economy

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Oil Minister: Iran Self-Sufficient in Drilling Industry

TEHRAN (FNA)- Iran is independent and self-sufficient in drilling industry and is capable of carrying out drilling operations in deep waters, Oil Minister Rostam Qassemi said.



"At present, we have reached the technology and know-how for drilling in the deep waters, (a technology) that merely a few countries enjoy," Qassemi said in a ceremony to kick off construction work for building a logistic site for the Caspian Sea's oil exploration operations on Monday.

He also reiterated that Iran's success in attaining self-sufficiency in drilling operations was gained due to the efforts made by the country's young engineers and skilled experts.

The Iranian technicians have not only carried out great drilling operations inside the country, but also earned the country millions of dollars by their drilling work in different countries.

The Iranian oil industry officials announced earlier this month that Iran had earned some $300 million from drilling 30 oil wells in Turkmenistan waters in the Caspian Sea during the last 5 years.

Managing-Director of Iran's North Drilling Company Hedayatollah Khademi said that Iran has earned some USD300 million from drilling 30 oil wells in Turkmenistan waters in the Caspian Sea during the last 5 years.

Khademi said that the country has prepared comprehensive plans to carry out drilling operations and export technical and engineering services to different countries.

Meantime, Head of the National Iranian Oil Company (NIOC) Ahmad Qalebani said Iran plans to increase the number of its drilling rigs operating in onshore and offshore oilfields by 36 units to reach 134 units by March 2014.

Qalebani said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015. Some 2,500 oil and gas wells should be drilled and commissioned during Iran's fifth five year economic development plan (2010-2015).