Middle East Economic Survey

VOL. XLVIII

No 27

4-July-2005

iran

NIOC Slates Two Caspian Sea Wells

National Iranian Oil Company (NIOC) subsidiary Khazar Exploration and Production Company (Kepco) has awarded a contract to Irans North Drilling Company to drill two deepwater exploration wells in the Caspian Sea. The drilling program is expected to begin by the end of the current Iranian year (20 March 2006), using a semisubmersible drilling rig nearing completion at the Sadra yard near the Caspian Sea...