LONDON–Iran Wednesday confirmed it was seeking ways to recover a natural-gas platform made by an affiliate of Iran’s Revolutionary Guards after it sunk in the Persian Gulf, a setback for the country in its effort to cope with international sanctions.
Divers have been deployed to see how the $40 million, 1,300-metric-ton platform can be pulled up, in the giant South Pars field, the state-owned Pars Oil and Gas Co. Ltd., said on its website.
However, a full-scale recovery has yet to start because of unfavorable weather conditions in the Persian Gulf, it said.
The platform sunk to the bottom of the Gulf as it was being installed by POGC and its builder, Iranian Marine Industrial Co., or Sadra, which is controlled by the Guards.
POGC said it was investigating the causes of the incident, which remain unclear. A spokesman for Pars Oil and Gas couldn’t be reached.
Faced with a ban to import key oil technologies from the U.S. and the European Union, Iran is building its own oil equipment in order to achieve self-reliance.
Write to Benoit faucon and Selina Williams [email protected]
(c) 2013 Dow Jones & Company
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,941 members that receive our newsletter.
Have a news tip? Let us know.
The Department of the Interior has announced a new rule aiming to ensure that costs related to the decommissioning of offshore platforms are covered by the oil and gas industry,...
(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s...
Virginia-based energy company Dominion Energy has announced the launch of the first U.S.-built and Jones Act-compliant offshore wind turbine installation vessel, the Charybdis. A 472-foot vessel is being built at the...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,941 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
