Deputy Head of the National Iranian Drilling Company (NIDC) Hamidreza Khoshayand stressed that developmental activities in various countries are shrinking as a result of the falling oil prices in the global market; “some large oil producers like Norway, Algeria, Kazakhstan and Venezuela have declared a state of emergency,” he asserted.
“On the other hand, official statistics indicate a reduction in the number of active drilling platforms in giant oil and gas producing states,” highlighted the official adding “for the ninth time over the past two months, a decrease was experienced in the number of drilling platforms in the US.”
Meanwhile, in time with the drastic dwindle in investments in the world’s oil and gas industries, the developmental activities in the upstream section of Iran’s oil industry have mushroomed.
