TEHRAN (Iran News) – The first toothed drilling bit built locally in Iran’s oil industry has entered the mass production phase.
According to the National Iranian Oil Company (NIOC), as quoted by SHANA, a toothed drilling bit was unveiled and entered mass production in a ceremony held on Tuesday in the presence of the Iranian Minister of Petroleum Bijan Zangeneh.
The capability to manufacture such drilling bits was achieved with the technical savvy of the Academic Center for Education, Culture, and Research (ACECR) without reserve engineering and by relying on local experts.
The National Iranian South Oil Company (NISOC) has signed a contract with ACECR for mass production of 400 such bits in the southwestern province of Khuzestan within the next two years. According to the contract, a total of 870 of the bits would be supplied to NISOC.
This is the first toothed drilling bit built locally in Iran’s oil industry.
Yesterday, in a ceremony held to unveil the Iranian-made structure in the presence of ACECR President Hamid Reza Tayebi, National Iranian Oil Company (NIOC) CEO Masoud Karbasian and Abdollah Moudavi, the CEO of the National Iranian Drilling Company (NIDC, according to SHANA.
The rig is fully built by Iranian experts and is expected to be used in exploration regions of the country.
ACECR has signed three contracts for building drilling rigs worth €33m of which two have been handed over to NIOC, so far. A third rig is expected to be delivered next year.
- source : MNA, Irannews
