ID :
123704
Sun, 05/23/2010 - 13:14
Auther :

Iran's IOEC wins $235m Indian oil tender

TEHRAN, May 23 (MNA) -- Iranian Offshore Engineering and Construction Company (IOEC) has won a tender worth $235 million for a major Indian offshore oil project, the IOEC managing director said here on Saturday.

The project will be in the form of engineering, procuring, constructing, installing and commissioning (EPCIC), Ali Taheri-Motlaq said.

A consortium of the Indian Essar Offshore Subsea Limited and the IOEC offered a quota of $235 million and managed to get the lowest tender for India’s D-1 field development project, Press TV reported.

The project, which is scheduled to last for 12 months, includes the installation of three smart well platforms along with three rigid and a flexible pipelines as well as sub-sea cables.

The D-1 field is located about 200km west of the Indian city of Mumbai in the deep continental shelf at a depth of 85 to 90 meters, Press TV reported.

Established in 1993, the IOEC is Iran's first offshore general contractor. It designs, supplies, constructs, and installs sub-sea pipelines along with fixed process platforms.


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