Iran eyes $200M investment for offshore rigs

National Iranian Drilling Company (NIDC), a provider of drilling services and a subsidiary of National Iranian Oil Company, is looking to attract $200 million in investment to buy offshore drilling rigs. 

According to Shana, a news agency, NIDC was in negotiations with domestic and foreign investors from Asia and Europe as the company needs to buy offshore rigs worth $200 million.

The company currently has 75 drilling rigs and is planning to increase that number to 80 rigs starting in March.

The company’s managing director, Heydar Bahmani, who told Shana that NIDC currently owns 75 rigs, added: “Number of drilling rigs will increase to 80 next year (starting March 21).”

According to the news agency, Bahmani also said that NIDC supports the private sector in carrying out domestic projects as well as in foreign activities such as Iraq and Persian Gulf projects following removal of sanctions against the country in January 2016.

Shana further quoted Bahmani as saying: “We have conducted negotiations with the Chinese after they won a tender bid in Iraq so that we can provide a number of their equipment.

“We are also in negotiations with some European firms active in Iraqi projects in order to jointly work in the country’s south and north.”

The company’s managing director also stated that negotiations with Italian, Singaporean, and Chinese firms are underway based on which they will be able to finance the project to be carried out by the Iranian drilling firm.

Offshore Energy Today Staff

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Posted on March 7, 2016 with tags , .

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