Iran’s Research Institute of Petroleum Industry (RIPI) has achieved technological progress to locally produce cementing plugs used in deep oil and gas wells, breaking the America’s monopoly in the industry, reported Fars News Agency.
“The achievement to manufacture the part locally saves hard currency from being spent abroad,” explained Head of RIPI’s cement plug project, Talat Khalkhali.
According to Shana News Agency, this technological feat was accomplished through reverse engineering parts produced by Weatherford and Halliburton. RIPI had been tasked to design and fabricate cement plugs in a pilot project by the National Iranian South Oil Company (NISOC).