As of February 2010, Mehr Eghtesad, a quasi-government investment company, owned 20% of its shares on the Tehran Stock Exchange.
and is managing drilling operation in Persian Gulf, Caspian sea,[5] and Kuzestan, Ilam, Khorasan, Bushehr and Fars provinces of Iran.
In 2009, SADRA launched a domestically built semi-floatable drilling rig for the Caspian Sea owned by NIOC (National Iranian Oil Company).
[11] On April 23, 2014, North Drilling Company was listed by the European Union as an entity linked to Iranian nuclear or ballistic missile activities.
[12] North Drilling Company is also indirectly owned by the Mostazafan Foundation, which is controlled by the government of Iran.