The Iranian Offshore Oil Company (IOOC) has reportedly signed two agreements to acquire advanced offshore drilling rigs, aiming to enhance production from its oil and gas fields. Ahmadreza Rasti, the CEO of the Iranian Offshore Oil Company (IOOC), announced that two agreements to provide state-of-the-art offshore drilling rigs were signed to develop shared fields and increase the production of oil and gas, The Caspian Post reports citing foreign media. Rasti noted that the procurement of advanced rigs for deployment in the Persian Gulf represents a turning point for Iran’s offshore energy sector.
“This move will accelerate the development of joint fields and significantly increase national oil and gas output,” he added.
Rasti stated that the agreements were finalized under the Oil Ministry’s special authority and approved by the Board of Directors of the National Iranian Oil Company (NIOC). .
The IOOC chief noted that technical and engineering work has already started to prepare 350- and 400-foot drilling rigs for operation. Designed with the latest technologies and full compliance with international safety standards, these rigs are scheduled to be stationed in Iran’s offshore joint oil and gas fields according to a detailed deployment plan.
Underscoring the project’s strategic importance, Rasti said, “Securing these rigs and providing specialized drilling services in line with the highest safety and technology standards will pave the way for sustainable offshore production growth and help realize Iran’s urgent production increase program at sea.”
In a relevant development in 2024, Iranian experts at a knowledge-based company had made it possible to increase productivity in low-yield and l0w-efficiency oil wells in the country by designing and producing strategic equipment in the field of drilling.
Whipstock drilling is a directional drilling technique that is used to change the direction of an existing wellbore. The experts at an Iranian knowledge-based company has developed the Whipstock drilling to increase productivity in low-yield and low-efficiency wells in the country.
Behnam Khodayar, the managing director of the knowledge-based company pointed to the construction of the whipstock machine for use in the drilling industry, specifically in the oil field and said, “Whipstock is a strategic tool in the drilling industry, and we have taken steps to produce a whipstock with new technology and according to domestic needs using local know-how and after conducting serious research and development work.”
The director of the company said that the most important advantage of their product is the use of completely domestic know-how, adding, “Other companies’ products manufactured in Iran are fully copied from foreign-made equivalents and produced through reverse engineering method. Such products cannot be exported. But our product is the only domestically-produced machine that is based on an Iranian design and has export potential and it has already been commercialized.”
“The products of this knowledge-based company are made in hydraulic and mechanical models in different sizes and with an exclusive design, in the meantime, the operational power of these products is in line with the equivalents machines made in the western countries,” he added.
