27 September 2006
TEHRAN: Although Iran Offshore Industries Company (Sadra) failed to deliver Alborz platform on schedule, the company is to construct a semi-floating oil drilling platform in Venezuela.

Managing director of Sadra, Jalil Khobreh told Fars that an agreement was also reached to establish a branch of the company in Latin America, reported the Persian daily Donya-ye Eqtesad here Wednesday.

Sadra will construct a semi-floating platform in Venezuela while honoring the previous contracts, he added.

Khobreh had announced earlier that some 98 percent of the construction project of the semi-floating platform of Alborz has been completed and would be ready for delivery to the North Drilling Company by early September.

Stating the above to Fars, he had said the construction project of semi-floating platform will end by early September and after that the North Drilling Company will have to dispatch a taskforce and equipment for transferring it. This is while the delivery of the said platform has been delayed for two years due to several reasons.

© Iran Daily 2006