MAPNA Drilling Company

What MAPNA Drilling Company does

MAPNA Drilling Company (MAPNA Noor Kish Drilling Company, MDCO) is a privately held, wholly-owned subsidiary of MAPNA Group, Iran's diversified energy and industrial conglomerate, established in 2009 (1388 Iranian calendar) to provide onshore and offshore drilling services to Iran's upstream oil and gas sector. The company operates from its Tehran headquarters with operational bases in Ahvaz (onshore) and Kish Island (offshore), and employs between 251 and 500 people. Its core asset base consists of three owned drilling rigs — two 2,000 HP land rigs (Noor 1 and Noor 2) and one 2,500 HP offshore rig (MD1) — supplemented by a growing fleet of specialized technical service equipment including two coil tubing units, cement and acid laboratories, and domestically manufactured filtration and consistometer devices.

The company's technical portfolio spans the full drilling value chain: directional drilling with advanced water-based mud, well completion, workover, sour gas handling, cementing, acidizing, well stimulation, drilling fluids, and wellhead services. It executes multi-year Engineering, Procurement, and Drilling (EPD) and Engineering, Procurement, Drilling, and Services (EPDS) contracts as both prime contractor and consortium member, with revenue tied to well counts and project milestones. Key current and recent projects include the Shurijeh D gas storage project at Khangiran Field (28-well program, 14+ wells completed), the Sarajeh Gas Field EPD project for IGEDC, the Danan oil field EPDS project (11 wells completed for Central Oil Fields Company), the Sepehr-Jufair project (8 wells for Pasargad E&P), and offshore drilling at South Pars Phases 11 and 12 for POGC.

The company's customer base is entirely composed of Iranian state-owned oil and gas companies — IGEDC, Central Oil Fields Company, Pasargad E&P, POGC, South Oil Fields Company, and NIDC — with contracts awarded through competitive tendering. The go-to-market is sales-led B2B, supported by industry exhibition presence and direct relationship management. Performance metrics include 18,000+ meters drilled in 1403 (2024), 1,095 LTI-free days across drilling technical services (1,085,048 man-hours), 97% customer satisfaction, 89% renewal intent, and a best single-well drilling time of 107 days at Danan. Pricing is not publicly disclosed; contracts are negotiated on a per-project or per-well basis under multi-year agreements.

Name

MAPNA Drilling Company

Legal name

MAPNA Noor Kish Drilling Company

Website

https://mapnadrilling.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

MAPNA Drilling Company (MDCO) is a MAPNA Group subsidiary operating onshore and offshore drilling rigs plus integrated drilling technical services for Iranian state-owned oil and gas companies across gas storage, field development, and offshore projects.

Ownership category

akta.pro rank

Product category

Oil and Gas Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

akta.pro secondary industries

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

Keywords

• Onshore drilling services
• Offshore drilling rigs
• Well completion services
• Oil and gas drilling
• Drilling technical services

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. EPD/EPDS Contracts: The company generates revenue primarily through Engineering, Procurement, and Drilling (EPD) and Engineering, Procurement, Drilling, and Services (EPDS) contracts with Iranian national oil and gas companies. These are multi-year, project-based contracts encompassing well design, procurement, drilling, completion, and testing services. The company operates both as a main contractor and as a consortium member, with revenue tied to the number of wells drilled and completed per contract.
2. Drilling Technical Services: The company provides standalone technical drilling services including cementing, well stimulation, acidizing, coil tubing, drilling fluid, well head services, and sour gas handling to third-party clients. These services are offered both as part of integrated EPD projects and independently to other operators and contractors.
3. Equipment Supply and Material Procurement: As part of EPD contracts, the company procures and supplies drilling equipment, casing, wellhead hardware, and consumables required for drilling operations. Procurement represents a significant component of project value.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

MAPNA Drilling Company provides onshore and offshore drilling services for Iran's upstream oil and gas sector using two 2,000 HP land rigs (Noor 1 and Noor 2) and one 2,500 HP offshore rig (MD-1). It bundles these rigs with integrated well services — cementing, well stimulation, acidizing, coil tubing, drilling fluids engineering, wellhead installation, and sour gas handling — delivered under EPD and EPDS contracts to national operators.

Product overview

MAPNA Drilling Company (MDCO) is a subsidiary of MAPNA Group providing comprehensive drilling services for the oil and gas industry. The company operates as a portfolio of integrated drilling solutions including two land drilling rigs (نور 1 and نور 2, each with 2000 HP), one offshore drilling rig (MD-1 with 2500 HP), and a full suite of technical drilling services including cementing, acidizing, well stimulation, drilling fluids, wellhead services, and coil tubing operations. The company also develops specialized equipment such as atmospheric consistometers and completion fluid treatment devices internally.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore Drilling Services

Quantifiable outcome

• 97% customer satisfaction score, 89% renewal contract intent, 85% referral rate
• +5 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Nine partnerships are on record, tiered core, major and supporting.

• Iranian Gas Engineering & Development Company (IGEDC)coreStrategic or Co-development Partner · 1 October 2022IGEDC, representing the National Iranian Gas Company, serves as the client and consortium member for the Shurijeh D gas storage project at Khangiran Field. MAPNA Drilling Company is responsible for subsurface drilling operations within the consortium. IGEDC is also the client for the Sarajeh Gas Field EPD project. This is a strategic partnership for Iran's national gas storage program, with MAPNA Group and Neyr Perse Company as consortium partners.
• Neyr Perse CompanycoreStrategic or Co-development PartnerNeyr Perse Company leads the consortium for the Shurijeh D gas storage project at Khangiran Field. The consortium comprises Neyr Perse (surface operations), MAPNA Drilling Company (subsurface drilling), MAPNA Group/Tuga (turbo compressor manufacturing), and Mapna International. MAPNA Group is Iran's first private company entrusted with gas storage management.
• Mapna Oil & Gas Development Company (OGDC)majorImplementation/ SI/ Consulting PartnerOGDC serves as Project Management Contractor (PMC) for the Shurijeh D gas storage project, managing and overseeing the consortium's execution. The contract was concluded between IGEDC (client), Mapna Group (investor), and Neyr Perse (consortium leader), with OGDC providing project management services.
• Pasargad Exploration, Development and Production Company (Pasargad E&P)coreStrategic or Co-development PartnerPasargad E&P is the client and contracting partner for the Sepehr-Jufair EPD project, where MAPNA Drilling Company drills, completes, tests, and stimulates 8 Fahliyan vertical wells. The project is cited as a showcase of private sector capabilities in Iran's oil and gas industry.
• MAPNA Group (Parent Company)coreStrategic or Co-development PartnerMAPNA Drilling Company is a wholly owned subsidiary of MAPNA Group. The parent company provides investment capital, shared services, engineering support, turbo compressor manufacturing (via Tuga), and international business development (via Mapna International). MAPNA Group is the first private company in Iran entrusted with managing national gas storage.
• Knowledge-Based Company (Unnamed)supportingTechnology or IntegrationA joint R&D project with a leading Iranian knowledge-based company for the design and production of advanced telescopic anti-jamming core drilling equipment. The project aims to localize a cutting-edge drilling technology, reduce associated costs, and enhance the domestic capabilities of Iran's oil and gas industry.
• Central Oil Fields Company of IrancoreStrategic or Co-development PartnerCentral Oil Fields Company of Iran (NIDC) is the client for the Danan oil field EPDS project. MAPNA Drilling Company executed the drilling and completion of 11 Fahliyan wells as the first EPDS project undertaken within MAPNA Group, completed in 1401 (2022).
• MAPNA Group — Tuga (Turbo Compressor Manufacturing)supportingTechnology or IntegrationTuga (MAPNA Turbine Engineering and Manufacturing Company) manufactures turbo compressors for the Shurijeh D gas storage project, contributing surface infrastructure as part of the consortium. MAPNA Drilling Company handles subsurface drilling operations within the same project.
• MAPNA International CompanysupportingStrategic or Co-development PartnerMapna International Company is involved in the execution phase of the Shurijeh D gas storage project as part of the MAPNA Group consortium, contributing to the international execution and coordination of the national strategic project.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• North Drilling Company: Iran-based onshore drilling contractor operating land rigs across Iranian oil and gas fields. Competes with MAPNA Drilling's Noor 1 and Noor 2 rigs for onshore EPD contracts from NIOC subsidiaries.
• National Iranian Drilling Company (NIDC): Iran's largest state-owned onshore and offshore drilling contractor, directly competing with MAPNA Drilling for EPD and drilling contracts with NIOC subsidiaries. Operates a substantially larger rig fleet across Iranian oil and gas fields.
• Iranian Offshore Engineering and Construction Company (IOEC): Iranian offshore EPCI contractor involved in offshore platform and pipeline projects, including South Pars. Overlaps with MAPNA Drilling on offshore project scopes and is part of the same domestic contractor ecosystem for Iranian offshore developments.
• Dana Energy: Iranian integrated oil and gas services company with E&P and drilling operations, competing with MAPNA Drilling for upstream drilling and field development contracts in Iran, including in the Danan and Sepehr-Jufair regions.
• Persian Gulf Drilling Company (PGDC): Iran-based offshore drilling contractor operating jack-up rigs in the Persian Gulf, including South Pars. Competes directly with MAPNA Drilling's MD-1 for offshore drilling scopes on Iranian offshore gas developments.

Others

• MAPNA Group: Parent conglomerate providing investment capital, engineering, manufacturing (Tuga turbo compressors), and international business development. Not a competitor but a strategic enabler whose priorities directly shape MAPNA Drilling's growth trajectory and consortium positioning.

Broad incumbents

• KCA Deutag: Global onshore and offshore drilling and workover contractor. Comparable to MAPNA Drilling in core service offering (rig operations and drilling services for E&P operators), though operating at much larger global scale and with different geographic exposure.
• SLB (Schlumberger): Global oilfield services leader with integrated drilling, completion, and production services. Provides technical drilling services that overlap with MAPNA Drilling's portfolio (cementing, stimulation, directional drilling), though largely absent from Iran due to sanctions.
• Halliburton: Global oilfield services major with drilling, completion, and production services overlapping MAPNA Drilling's technical service portfolio. Has had limited Iranian operations since sanctions, making it a structural benchmark rather than direct competitor in Iran.

Regional players

• ADES International Holding: Middle East-focused offshore and onshore drilling contractor with significant operations in the Gulf region. Comparable to MAPNA Drilling in business model (rig-based drilling services for state-owned operators), but serves a different geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Mapna_Drilling
• LinkedInlinkedin.com/company/mapna-drilling-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAPNA Drilling Company