Mohammad-Reza Takayedi said the reconstruction would have been done should the necessary budget is provided.
He said at least 10 drilling rigs are planned to be reconstructed every year, adding that the main obstacle is finance.
Takayedi said the oldest rig owned by NIDC is more than 45 years old and the rigs need to undergo reconstruction regularly.
The newest rig of NIDC is Fath-93 which was launched a month ago. The onshore rig is equipped with advanced hydraulic and electronic systems, drill watch, top drive, five pumps and two generators.
Fath-93, which cost 12.5 million euros, can drill up to 6,000 meters.
NIDC owns 70 rigs and has rented 5 others for drilling operations in ten oil-rich provinces.
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