The Iranian National Oil Company and the Iranian engineering company
for the construction of offshore structures have signed a contract to
develop the Ervend oil field, Iran News reports.
The General Director of the Iranian National Oil Company, Ahmad Kalebani,
said during the signing ceremony that the Iranian engineering company
on construction of offshore structures provides 70% of the
country's needs in offshore drilling rigs and platforms and their
service, and now it will develop a land oil deposit for the first time.
Ahmed Kaledani reminded that the Ervend field is located at the mouth of
the river Ervend, 50 km south of Abadan, and although the oil reserves in
the field are small, it is considered to be one of the most important
fields.
The signed contract is estimated to be worth $135 million. The field will
produce up to five thousand barrels of oil per day.
