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Iranian firm wins Indian oil project.

Iranian Offshore Engineering and Construction Company (IOEC), an oil and gas contractor, has won the tender for a major Indian offshore oil project, a news report said.

Quoting officials, a PressTV report said a consortium of India's Essar Offshore Subsea Limited and IOEC offered a quotation of $235 million to emerge as the lowest bidder for India's D-1 field development project.

IOEC managing director Ali Taheri said the D-1 field is located about 200 kilometres west of Mumbai in the deep continental shelf, at a depth of 85 to 90 metres.

The project, which has a completion deadline of 12 months, involves the installation of three smart well platforms along with three rigid and flexible pipelines, as well as sub-sea cables.

IOEC is Iran's first offshore general contractor. It designs, supplies, constructs and installs sub-sea pipelines along with fixed process platforms.

The company plans to extend its oil, gas and petrochemical activities to upstream and downstream projects in both onshore and offshore areas.

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Publication:TradeArabia (Manama, Bahrain)
Date:May 25, 2010
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