September 08, 2008

Iranian drilling industry can not be sanctioned – Mr Bahmani

Mehr News Agency quoted Mr Heydar Bahmani MD of National Iranian Drilling Company as saying that Iran’s drilling industry makes use of the world’s most complicated technologies and it can not be sanctioned.

Mr Bahmani said that "Before the victory of the Islamic revolution in Iran, 46 foreign companies used to take care of the country’s drilling activities. While buying a drilling rig from foreign countries costs about USD 50 million, the local producers will construct one with only USD 15 million."

He went on to note that the first National Congress of Iran’s drilling industry will provide the foundation for discussions about achievements and scientific experiences of this local industry. He said that "In this congress about 800 experts will gather to study the latest findings in the drilling industry."

The first National Congress of Iran’s drilling industry will be held in Ahwaz on May 7th to May 8th 2008.