North Drilling
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North Drilling
| Type | Public company |
|---|---|
| Traded as | TSE: HSHM1 ISIN: IRO1HSHM0008 |
| Industry | Oil & Gas |
| Founded | 1998[1] |
| Headquarters | Tehran, Iran |
| Key people |
Mr. Asghar Rafiee Managing Director, Mr. Abdollah Tavvaf Technical Services Director, Mr. Esfandiar Jahangiri Manager.[2] |
| Products | onshore and offshore drilling services.[2] |
| Net income | $100 million (2010)[3] |
| Website | www.ndco.ir |
North Drilling Company (Persian: حفاری شمال) is an Iranian company specialized in the contracting, design, construction, management and leasing of oil and gas platforms in the Caspian Sea, to global customers. The company was privatized in June 2009. As of February 2010, Mehr Eghtesad, a quasi-government investment company, owned 20% of its shares on the Tehran Stock Exchange.[4]
In 2009 SADRA launched a domestically-built semi-floatable drilling rig for the Caspian Sea. The semi-submersible rig called 'Iran-Alborz' is the largest in the Middle East. The semi-floatable platform is able to operate at water depths up to 1,030 metres and can drill down to 6,000 metres under the seabed.[5] Iran-Alborz is operated by Iran North Drilling Co.[6]
North Drilling Company and China Petroleum Technology Development Corporation (CPTDC) have signed a $143 million contract to set up a drilling rig in the Persian Gulf by 2011.[7]
See also
References
- ^ "Home". Ndco.ir. http://www.ndco.ir/EN/Pages/home.aspx. Retrieved 2010-03-05.
- ^ a b "North Drilling Company: Private Company Information - BusinessWeek". Investing.businessweek.com. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25117486. Retrieved 2010-03-05.
- ^ http://www.turquoisepartners.com/iraninvestment/IIM-Dec10.pdf
- ^ http://www.zawya.com/story.cfm/sidZAWYA20090722070508/North%20Drilling%20Company%20to%20go%20public
- ^ "Caspian to see Iranian-produced drilling rig". Presstv.com. 2009-07-23. http://www.presstv.com/detail.aspx?id=101427§ionid=351020103. Retrieved 2010-03-05.
- ^ "Russian semi spuds well in Caspian off Iran - Oil & Gas Journal". Ogj.com. http://www.ogj.com/index/article-display/articles/oil-gas-journal/exploration-development-2/2010/02/russian-semi_spuds.html. Retrieved 2010-03-05.
- ^ http://www.presstv.com/detail.aspx?id=120173§ionid=351020103
External links
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