RIGS IN THE MIDDLE EAST

Oil was observed being collected from seeps in 1264 when Marco Polo visited the ancient city of Baku in Medieval Persia (which became known as Iran in 1935). Seeps are common occurring areas found globally. It is where a natural liquid, or gaseous hydrocarbons, is escaping from far beneath the surface of the earth into the surface of the earth itself and the atmosphere of the earth.

What we refer to as seeps, in most instances, occur with only a low pressure or flow. These substances make their escape from far through fissures or fractures in rock formations. Seeps have been exploited by man since what are considered paleolithic times, or a certain a prehistoric period of human history.

These seeps, like the one Marco Polo saw on his journeys, are associated with early oil exploitation and related developments in technology and science which has become the well-known and successful petroleum industry. This industry not only produces mass quantities of oil and other petroleum related products, but it also requires enormous amounts of Oil Country Tubular Goods (OCTG) products and other products derived from the implementation of pipe protection technologies.

The shallow pits dug in the seeps of the ancient city of Baku facilitated oil collection. Holes up to 115 feet deep (35 meters) were dug by hand in Baku, Persia and used regularly by 1594.That is why Baku is considered by historians to be the first true field because these hand dug holes were actually oil wells.

During 1830, 116 such wells in Persia are recorded to have produced 3,840 metric tons, or approximately a little over 700 barrels, of oil. By the 1870s, this oil field in Baku had become known as the Balakhani Field and it had also become known as the largest oil field in the world. Advancement to the offshore drilling was successfully initiated in Baku, in the area named Bibi-Eibat, during the very end of the 19th century.

Russian engineers were already involved in Baku and in 1909 they initiated the remarkable process of filling and draining the bay. This was done to allow continued drilling and by 1927, over 741 acres had been reclaimed. This project is considered to be second in magnitude to only one other project: construction of the Panama Canal.

Now, Iran’s production capacities include in excess of 4 million barrels of crude oil and in excess of 500 million cubic meters of natural gas per day.

The U.S. Energy Information Administration (IEA) reported in March 2013 that Iran was holding fourth place in the largest proven oil reserves globally as well as second place in the largest natural gas reserves globally. The EIA further reported in April 2013 that Iran’s oil production had declined in March 2013 (compared to February 2013) to 2.68 million barrels daily (a reduction of 40,000 barrels a day). It is still anticipated that Iran may reach, with their current plan to invest $500 billion in the oil sector until 2025, an annual $250 billion income by 2015 which is in sync with what is being seen globally. The demand for OCTG and products utilizing and benefiting from Essentra Pipe Protection Technologies is and will stay very high.

OCTG was not a known pipe protection technology for consideration in ancient Persia during the 13th century. But, it is a different story in modern day Iran as well as throughout the Middle-East and on a global scale. Current oil and gas production, forecasts and trends absolutely make OCTG a major production and delivery need which Essentra proudly meets with quality and regulatory compliance. Essentra has become such an accoplished and sustained world leader in pipe protection technologies, that now the mining industry and the water well industry have also turned to us for their increasing demands and we are meeting their needs.

Essentra Pipe Protection Technologies’ Rigs Around The World keeps you abreast of that need by making available to you a wealth of historical and current knowledge including the current number of active rigs in the world, updated daily with any changes.