Iranian Offshore Engineering and Construction Company (IOEC) has won a tender worth $235 million for a major Indian offshore oil project, the IOEC managing director said here on Saturday.
The Mehr News Agency quoted Ali Taheri-Motlaq as saying that the project will be in the form of engineering, procuring, constructing, installing and commissioning (EPCIC).
A 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, Press TV reported.
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.
The D-1 field is located about 200 km west of the Indian city of Mumbai in the deep continental shelf at a depth of 85 to 90 meters, Press TV reported.
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.