Baku, Azerbaijan, Sept. 3
By Elnur Baghishov – Trend:
The Iranian Offshore Oil Company (IOOC) has been annually saving 300 million euros over the past two years, said Hamid Bord, the managing director of the company, Trend reports referring to the IOOC website.
He said that this company’s costs for excavation, technical maintenance of ships and in other areas has decreased.
Bord added that the cost of ships was reduced by 35 percent and technical maintenance costs were reduced by 40 percent.
“For example, the company has spent approximately 50 million euros on the production of platforms,” he said. “However, these costs amounted to up to 120 million euros in similar companies.”
Commenting on the company’s projects, Bord said that by the end of this Iranian year (March 21, 2020), there are plans to install the S1 platform at Salman oil field (Iran’s Khuzestan province, joint field with the UAE), the 7th and 8th platforms at Hendijan oil field (Khuzestan province). There are also plans to commission a power plant on Qeshm island, he noted.