Less than a year after Iran discovered a huge gasfield in its territorial waters in the Caspian Sea, National Iranian Oil Company (NIOC) has reported a huge oilfield discovery in the same area.
Iranian officials have declared that huge new reserves of gas have been discovered in the "Iranian sector" of the Caspian Sea. Details are minimal at this stage, but they say that the find is at least 50trillion cu ft.
A NEW rig, Iran Alborz, has started work in the Caspian. It is Iranian-built and has now started work on a well in the Iranian sector. Hedayatollah Khademi, managing director of the rig's owner, North Drilling, has been reported as saying this is the first of three wells scheduled to be drilled this year.
NATIONAL Iranian Oil Company (NIOC) has launched its home-built semi-submersible drilling rig, Iran Alborz, at the Sadra Shipyard in Nekkairan, on the Caspian Sea coast. NIOC claimed the rig cost just $80million to build, but that, had it been built abroad, the cost could have been as high as $450million.
IRAN has told Total and Shell that it will not extend the deadlines for completion of their South Pars development contracts beyond the present June, 2008, deadline.