Dana Energy and NIDC Signed A Mutual Cooperation Agreement

Dana Energy Company and NIDC ( National Iranian Drilling Company) signed a mutual cooperation agreement for the execution of Oil & Gas EPD and EPC projects. The agreement was signed by Mr Iravani, CEO and Chairman of Dana Energy and Mr Sepehri, CEO of NIDC on 4th of March 2018 at Iran E&P Congress & Exhibition in Tehran. 

The agreement states that Dana Energy in collaboration with NIDC, will implement the project which was commissioned by NIOC. NIDC will be the contractor for the services and Dana Energy will conduct the project’s drilling operations.

This collaboration between the exploration and drilling sectors will be a step in raising the profile of Iran’s drilling industry in the international arena. In addition, this agreement will pave the way for more private sector companies to become involved in implementing major projects and will propel the country’s oil exploration sector. 

National Iranian Drilling Company (NIDC) is a subsidiary of the National Iranian Oil Company (NIOC), and is involved in the drilling of exploration, development, and delineation oil and gas wells, in addition to operating drilling rigs and equipment for providing drilling services.

Dana Energy Company is a leading private Iranian oil and gas company. The company’s main purpose is to develop upstream oil and gas projects, in addition to provide services in exploration and production, oilfield services and energy trading.