24 May 2010
General oil and gas contractor Iranian Offshore Engineering and Construction Company (IOEC) has won the tender for a major Indian off-shore oil project.

Ali Taheri, managing director of the company, said the consortium of the Indian Essar Offshore Subsea Limited and the IOEC offered a quota of $235 million and managed to get the lowest tender for India's D-1 field development project, Presstv wrote.

The D-1 field is located about 200 kilometers west of the Indian city of Mumbai in the deep continental shelf at a depth of 85 to 90 meters.

The project, which is scheduled to last for 12 months, includes the installation of three smart well platforms along with three rigid and a flexible pipelines as well as sub-sea cables.

Established in 1993, the IOEC is Iran's first offshore general contractor. It designs, supplies, constructs, and installs sub-sea pipelines along with fixed process platforms.

IOEC has successfully expanded its offshore services providing projects with full marine fleet supports for pipe-laying, installation, hook-up and commissioning.

The company is planning to extend its oil, gas and petrochemical activities to onshore and offshore, upstream as well as downstream activities and operations.

© Iran Daily 2010