Middle East Economic Survey
VOL. XLIX
No 4
23-January-2006
IRAN
Chinas COSL Awarded Caspian Drilling Management Contract
The North Drilling Company (NDC) subsidiary of the National Iranian Drilling Company (NIDC) on 18 January signed an agreement with China Oilfield Services Ltd (COSL) for drilling management services on a three-year exploration campaign by the Iran Alborz semisubmersible rig in the Caspian Sea. The IRNA news agency reported on 19 January that the contract was valued at $33mn. It...
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