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Evaluation Meeting of Sadr Tamin Exploration and Drilling Co. Held
Tehran- A meeting to review the performance of Sadr Tamin Exploration and Drilling Co., a subsidiary of Sadr Tamin Investment Company was convened on Monday, July 10.
The meeting was attended by senior managers at the Conference Hall of Sadr Tamin Investment Company to measure the performance of Sadr Tamin Exploration and Drilling Company (STEDCO) in the 1st quarter of the Iranian year to March 19, 2023.
The participants included Ali Mahmoudi, an executive board member, Seyyed Mohammad-Saber Parvaresh, deputy chief of Sadr Tamin Investment Company (TASSICO) for companies’ affairs, Mohammad-Reza Rezvanianzadeh, deputy TASSICO chief for plans and projects, Mahdi Abedini, STEDCO’s chief executive and other senior managers and directors.
Abedini briefed the participants on the performance in the spring (March 21-June 21, 2023), referring to a progress in drilling operations conducted by the company, TASSICO’s website reported.
“We are hopeful of a bright future to turn into one of the exploration and drilling hubs of the country through development in equipment and machineries,” he noted, adding that advanced drilling machines were utilized by the company while purchase of 10 new ones for deep and semi-deep drilling was on the agenda.
Abedini said that the launch of exploration department to add value in mining sector, setting up comprehensive databank for drilling and exploration operations, improving drilling performance by recruiting diversified contractors were among top development plans of the company during the past three months.
He noted that STEDCO broke its drilling operation record in the 1st quarter compared to the same period last year, adding that the company was managed to increase drilling operations by five times thanks to outlining a comprehensive strategic program for exploration and drilling activities.
A subsidiary of Sadr Tamin Investment Company and the Social Security Investment Company, STEDCO, was founded in the Iranian year to March 2022 with a capital of 860bn rials. The company was set up to attract investment and encourage joint ventures in exploration and drilling operations in mines industries and businesses.
