VOL. XXXII

NO. 32

15-MAY-1989

IRAN

NIOC Orders Finnish Platform for Caspian Exploration

The National Iranian Oil Company (NIOC) has signed a contract withRauma-Repola of Finland for a jack-up platform to drill for oil in the CaspianSea. The platform, which will be assembled at Neka on the Caspian coast, is tobe delivered by 1992 at a cost of some $67mn. According to the Iranian OilMinister, Mr. Gholamreza Aghazadeh, seismic surveys some 20 years ago revealedat least 29 promising structures in the...