Company Overview: International Association of Drilling Contractors

The International Association of Drilling Contractors (IADC) is dedicated to enhancing the interests of oil-and-gas and geothermal drilling contractors worldwide. Its membership comprises nearly 900 companies, including contract-drilling and well-servicing firms, oil-and-gas producers, and manufacturers and suppliers of oilfield equipment and services. IADC’s more than 270 contract-drilling members own most of the world’s land and offshore drilling units and drill the vast majority of the world’s oil, natural gas and geothermal wells.

Founded in 1940, IADC strives to secure responsible standards, practices and regulations that provide for safe, efficient and environmentally sound drilling operations worldwide. To achieve its objectives, the Association holds a variety of meetings and conferences on technology, well control, contracts, taxation, management and other topics of interest to the global drilling and producing industry.

Through its volunteers and professional staff, IADC also interacts closely with regulatory agencies and legislators worldwide on issues affecting the drilling industry. IADC holds Accredited Observer status at the International Maritime Organization and at the International Seabed Federation, branches of the United Nations.

The Association is also a leader in developing new standards for industry training, notably through its Well Control Accreditation Program (WellCAP) and its rig-floor orientation program, RIG PASS. IADC is also a major publisher and distributor of reference manuals, forms and other publications for the global drilling industry. The Association communicates with the industry, government and the public through its newsletters and official magazine Drilling Contractor.

Quick Facts

Line of Business: Professional Association
Ownership: Non-Profit