Quoting officials, a PressTV report said a consortium of India's Essar Offshore Subsea Limited and IOEC offered a quotation of USD 235 million to emerge as the lowest bidder for India's D-1 field development project.
IOEC Managing Director Ali Taheri said the D-1 field is located about 200 kilometres west of Mumbai in the deep continental shelf, at a depth of 85 to 90 metres.
The project, which has a completion deadline of 12 months, involves the installation of three smart well platforms along with three rigid and flexible pipelines, as well as sub-sea cables.
IOEC is Iran’s first offshore general contractor.
It designs, supplies, constructs and installs sub-sea pipelines along with fixed process platforms.
The company plans to extend its oil, gas and petrochemical activities to upstream and downstream projects in both onshore and offshore areas.
Published 25 May 2010, 10:38 IST