7 May 2014 - 16:18
  • News ID: 216866
NIDC to Replace China Firm

TEHRAN May07 (Shana)--National Iranian Drilling Company (NIDC) has voiced its readiness to resume work in an oil field from which a Chinese oil firm was expelled for weak performance.

“NIDC is ready to install 10 drilling rigs in South Azadegan field to accelerate drilling operations,” NIDC Managing-Director Hamid-Reza Golpayegani said.

He said that four drilling rigs operated by NIDC have already been installed in South Azadegan.

He said that NIDC has drilled 19 development wells in North and South Azadegan fields since 2007.

Iran’s Petroleum Ministry recently canceled its contract with China National Petroleum Corporation (CNPC) due to the failure of the Chinese company to fulfill its obligations.
News ID 216866

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