Volume. 12227

Drilling 30 oil wells in Turkmenistan earns Iran $300 million
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Iran earned some $300 million from drilling 30 oil wells in Turkmenistan waters in the Caspian Sea during the past 5 years, Iran’s North Drilling Company (NDC) managing director said.

The country has prepared comprehensive plans to carry out drilling operations and export technical and engineering services to different countries, the NDC head Hedayatollah Khademi told the Pana news agency.

Iran plans to increase the number of its drilling rigs operating onshore and offshore oilfields by 36 units to reach 134 units by March 2014, the National Iranian Oil Company’s (NIOC) managing director said.  

Ahmad Qalebani told the Shana news agency 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).

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