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Iran to launch new round of oil exploration in Caspian Sea

Business Materials 1 August 2016 16:40 (UTC +04:00)

Baku, Azerbaijan, Aug. 1

By Fatih Karimov – Trend:

Iran is prepared to launch new exploration operation in the Caspian Sea, Khazar Exploration and Production Company (KEPCO) caretaker Farhang Khatibi said.

The Semi Submersible Drilling Rig, Amir Kabir has been transferred to Block 8.1 of Sardar Jangal field for new exploration operations, Khatibi said, SHANA news agency reported Aug. 1.

The country’s Supreme National Security Council has issued the needed permission and the exploration will start after order of the oil minister, he added.

Earlier Yousef Etemadi, exploration director of the KEPCO, said that Iran will launch new exploration operation in the Caspian Sea at depth of 5000 meters.

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