VOL. XLIV

No. 12

19-March-2001

IRAN

NIOC Awards $226Mn Caspian Drilling Rig Contract To Swedens GVA

The National Iranian Oil Company (NIOC) on 9 March awarded a contract for the construction of a semisubmersible rig for deepwater drilling in the Caspian Sea to GVA Consultants of Gothenburg. The $226mn contract requires GVA to undertake project management and procurement for the manufacture of the rig, which will take place at the Sodra Marine Industries Company yard near Neka on the Caspian...