Middle East Economic Survey
IOECC Signs $2.2Bn Drilling Rigs Deal
The Iranian Offshore Engineering and Construction Company (IOECC) has signed a $2.2bn drilling rigs agreement with Chinese contractor Shanghai Zhenhua Heavy Industry (ZPMC) and Spanish marine engineering firm ADHK, Fars News Agency reported on 29 July. The deal calls for the construction of 10 offshore jack-up drilling rigs, seven land drilling rigs and two crane barges. IOECC is scheduled to begin...