sea floor

Oil & Gas

Arctic mega-campaign

STATOIL is embarking on the most ambitious offshore Arctic exploration drilling campaign ever attempted, with targets in the Barents Sea, to the north-west and east of Russia, west of Greenland and eastern Canada.

Oil & Gas

Caspian gets new drilling capacity

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.