10 percent of global land rig demand belongs to Middle East and its land rig demand will grow up to 400 until 2025 thanks to Saudi Arabia. Dayrates of NIDC as the biggest rig owner in Iran are determined by government so the rates remain low. Decrease in demand, 66% land rig utilization, inability to […]
Middle East Land Rig Fleet Read More »
In Iran, drilling is aimed to maintain the production and not to increase production capacity yet. Drilling rate in land projects is between 9 to 33 meters per day, on average 20. Land rig dayrates in Iran were 12000 dollars in 2021 and cost of rig for each meter drilling was 600 dollars per meter.
Cost Of Drilling in iran Read More »
Country’s upstream documents focused on shared field developments. Lack of financial sources, no attention to domestic capacity, fail to use political and economic potential for development, risk of not achieving goals and non-reimbursement of costs, short-term contracts and inflexibility of financial instruments make development plans off. Azadegan, the biggest shared oilfield in country, is not
Power Game: Azadegan Sustainable Production Read More »
Upstream development economics beat typical returns from wind and solar. Renewables offer diversification for the Majors, something that will be welcome as the energy transition looms large. Oil and gas companies may have a competitive advantage in large-scale offshore wind due to transferable technical and engineering expertise, their large balance sheets, and existing stakeholder and
How E&Ps Have Invested In Renewables Read More »