North Drilling Company

What North Drilling Company does

North Drilling Company (حفاری شمال) is a publicly listed Iranian drilling contractor headquartered in Tehran, founded in 1998 as an upstream subsidiary of the National Iranian Oil Company (NIOC) and listed on the Tehran Stock Exchange under Article 44 of Iran's Constitution privatization framework. The company provides end-to-end drilling services spanning exploration, appraisal, development, and workover operations for oil, gas, water, and geothermal wells, serving primarily NIOC and international oil companies operating in Iran.

The company's asset base is the central element of its operating model: nine 2000-HP onshore drilling rigs (NDC 110 through NDC 119), three 300-ft offshore jack-up platforms (Sahar 1, Sahar 2, and Sea Breeze), 11 cementing units, four mud-logging units, two supply tugboats (Iran Behshahr and Rata), a 954-ton flat barge, and operational support bases in Tehran, Shiraz, Ahwaz, Behshahr, Kish, and Bushehr. Service capabilities include directional drilling with LWD/MWD technologies, well testing, cementing and acidizing, wireline/slickline, coiled tubing, ROV subsea inspection, and HSE services. Environmental management systems include advanced mud recycling (shale shakers, sand traps, degassers, desanders, centrifugals), sewage treatment, oily water separators, and oil-spill response capability.

Commercially, North Drilling operates a B2B professional-services model with project-based and ongoing service contracts at undisclosed pricing. The company maintains a comprehensive certification stack covering ISO 9001, ISO 14001, ISO 45001, IMS from SGS Switzerland (2019), and sector-specific compliance with API, NFPA, ASME, OSHA, SOLAS, ISM Code, and ISPS Code. Geographic reach is concentrated in Iran's onshore fields (Khuzestan and the Caspian coast via Behshahr) and offshore in the Persian Gulf and Iranian Caspian waters, with a stated 2035 vision to become the first-choice regional upstream contractor. Revenue figures, headcount growth trends, and detailed segment splits are not disclosed in the available material.

Name

North Drilling Company

Legal name

North Drilling Company

Website

https://ndco.ir

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

North Drilling Company is a publicly listed Iranian drilling contractor serving NIOC and international oil companies with 9 onshore rigs, 3 offshore jack-up platforms, and integrated drilling, well testing, and HSE services across Iran's onshore fields, the Persian Gulf, and the Caspian Sea.

Ownership category

akta.pro rank

Product category

Oil and Gas Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Oil and Gas Operations (213112)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Machinery & Equipment (3533), 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), Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD), Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

Keywords

• Oil and gas drilling
• Offshore drilling services
• Onshore drilling rigs
• Well construction services
• Upstream oil services

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Drilling Services: Oil and gas well drilling services for exploration, appraisal, development, workover and technical services in onshore and offshore environments
2. Technical Drilling Services: Cementing, directional drilling, mud logging, well testing, wireline services, coiled tubing, and other specialized drilling services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

North Drilling Company provides onshore and offshore oil and gas well drilling services, operating a fleet of 9 high-capacity 2000 HP onshore rigs (NDC 110-119) and 3 jack-up offshore platforms (Sahar 1, Sahar 2, Sea Breeze). The company delivers end-to-end drilling project management, technical and engineering services covering exploration, appraisal, development, workover, and specialized operations (directional drilling, cementing, mud logging, well testing, wireline, coiled tubing, ROV) for oil, gas, water and geothermal wells across Iran and the Middle East region.

Product overview

North Drilling Company operates as an integrated oil and gas drilling services provider with a diversified portfolio of 9 onshore drilling rigs (NDC 110-119 with 2000 HP capacity), 3 offshore jack-up drilling rigs (Sahar1, Sahar2, Sea Breeze at 300 feet), and comprehensive supporting equipment including cementing units, mud logging systems, supply vessels, and support bases. The company provides end-to-end drilling services spanning directional drilling with LWD/MWD technologies, well testing, cementing, acidizing, ROV operations, and HSE services. This integrated fleet enables the company to serve both onshore and offshore (deep and shallow water) markets across Iran's major oil and gas fields including the South Pars gas field.

Differentiator

Problem solved

Functional benefit

Products and services

• Onshore Drilling Rigs (NDC 110-119) 9 high-powered 2000 HP onshore drilling rigs providing exploration, appraisal, development, workover and technical services for oil, gas, water and geothermal wells, deployed for national and international oil and gas operators in Iran.
• Offshore Jack-up Drilling Platforms (Sahar 1, Sahar 2, Sea Breeze) 3 offshore jack-up drilling rigs with 300 ft capability operating in deep and shallow waters for oil and gas exploration and development in marine environments, including the South Pars gas field and Caspian Sea.
• Directional Drilling Services (LWD/MWD) Directional drilling services using Logging While Drilling and Measurement While Drilling technologies to execute complex well trajectories for oil and gas operators.
• Cementing and Acidizing Services Comprehensive cementing and acid pumping services supporting well construction and stimulation across onshore and offshore drilling programs, using 11 cementing units (trailer-mounted, skid-mounted, and batch cementing mixer systems).
• Well Testing and Production Services Well testing services including M.DST, Full Bore DST, perforation, well head services, and wireline/slickline operations to evaluate and bring on production oil and gas wells.
• ROV (Remotely Operated Vehicle) Services Remotely Operated Vehicle services for subsea inspection, intervention and operational support on offshore drilling and production assets.
• Mud Logging Services Mud logging services using 4 dedicated units for real-time monitoring and analysis of drilling fluids and formation cuttings during drilling operations.
• Offshore Support Vessels (Iran Behshahr and Rata Tugboats) 2 supply tugboats with 2x2200 HP power rating and a 954-ton flat barge providing offshore logistics, equipment transport and supply support for North Drilling's offshore drilling platforms.
• HSE Services Health, Safety and Environment services including H2S management for drilling operations, supported by ISO 9001/14001/45001 and IMS (SGS) certified management systems.

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• SLB (Schlumberger): World's largest oilfield services company offering drilling, directional drilling, cementing, well testing and integrated project management; comparable to NDC's service portfolio as a broad incumbent with overlapping capabilities across drilling and well services.
• Baker Hughes: Global oilfield services and equipment company with drilling services, well construction and pressure control offerings; comparable to NDC across integrated drilling, well construction and equipment supply.
• Weatherford International: Global oilfield services company with drilling, evaluation and completion services; comparable to NDC's directional drilling, cementing and well testing service lines.
• Halliburton: Global oilfield services major providing drilling services, cementing, directional drilling and well testing; competes with NDC's service offerings, particularly cementing units, directional drilling and well testing, as part of a much broader portfolio.

Emerging players

• Saipem: Italian engineering and drilling services company with offshore drilling rigs and EPCI capabilities; comparable to NDC's offshore jack-up operations and integrated well construction service profile.

Direct peers

• Shelf Drilling: Global pure-play shallow-water jack-up rig owner with significant Middle East presence; directly comparable to NDC's offshore jack-up rig operations (Sahar1, Sahar2, Sea Breeze) and the broader jack-up drilling market.
• Arabian Drilling Company: Saudi Arabia-based onshore and offshore drilling contractor serving Saudi Aramco with a fleet of land rigs and jack-ups; comparable to NDC as a regionally focused drilling services provider with national oil company anchor demand.
• ADNOC Drilling: National drilling company of Abu Dhabi operating a large fleet of onshore and offshore jack-up rigs across the Middle East; directly comparable to NDC in business model (rig ownership + integrated drilling services), customer base (national oil company) and regional market exposure.
• KCA Deutag: International onshore and offshore drilling and workover contractor with major Middle East operations; comparable to NDC for its integrated drilling, workover and rig ownership model serving national oil company clients.

Regional players

• Pomeranian Drilling Enterprise (Iran) / MAPNA Group Drilling: Iranian drilling contractor operating onshore and offshore rigs within Iran; the most direct in-country peer to NDC with overlapping customer base (NIOC) and comparable rig fleet and service offerings.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/north-drilling-company

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

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 North Drilling Company