The National Iranian Oil Company has taken a significant step towards meeting its offshore drilling needs by signing new contracts for the purchase of four offshore drilling rigs worth over one billion dollars. These contracts were signed in the form of supply, ownership, and operation (BOO) agreements between the National Iranian Oil Company and four domestic investment groups.
Details of the Contracts and Their Importance
The signing ceremony for these contracts took place on Sunday, October 18, with the presence of Ahmadreza Rasti, CEO of the National Iranian Oil Company, Amir Moghiseh, Investment and Business Director of the National Iranian Oil Company, Salman Khosravi, Deputy CEO of the National Iranian Oil Company, and the CEOs of the investing companies. These contracts were finalized after months of effort and follow-up and are considered a milestone for the country's offshore drilling industry.
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In this ceremony, Ahmadreza Rasti emphasized the importance of these contracts, stating: "We hope that with the entry of the drilling rigs into the operational cycle, we can collaborate to develop drilling activities and increase production in the country's offshore fields." He also mentioned the need for the National Iranian Oil Company to have at least 13 offshore drilling rigs and added: "With the provision of these four rigs, part of the company's needs will be met."
Economic and Production Implications of the Contracts
Amir Moghiseh, Investment and Business Director of the National Iranian Oil Company, also highlighted the importance of the timing of the commitments during the ceremony and reminded that it is expected that with close cooperation between the employer and investors, the entry of the rigs into the operational cycle will occur without delay. He emphasized that these contracts are aimed at increasing the country's oil production and providing the necessary logistics and equipment.
He also announced that these contracts are concluded within the framework of public-private partnership agreements and based on Article 20 of the Seventh Development Plan. Moghiseh added: "Despite the difficulties and administrative complexities, the managers of the National Iranian Oil Company accepted the responsibility for this action, and the colleagues of this company played a significant role in its success."
Ali Daghaghi, CEO of Petroiran Company, also expressed hope for the successful implementation of these contracts and referred to the selection of suitable rigs for operation in the Persian Gulf fields, stating: "The supplying companies have selected appropriate rigs through continuous follow-ups, and we hope to fulfill our commitments within the established timeline."
These contracts have been described as a new model in the oil industry, and with the entry of investors into the production sector, it is considered a valuable and strategic action. Alireza Salmanzadeh, CEO of Sina Energy Development Holding, also emphasized the importance of establishing this new contractual model, stating: "The entry of investors into this field indicates their trust in the productive and manufacturing sector of the country."
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