![UPDATED: Watch Iran’s $40 Million Gas Platform Sink in the Persian Gulf [VIDEO]](https://gcaptain.com/wp-content/uploads/2013/02/Screen-shot-2013-02-03-at-2.14.38-PM.png)
5 February Update:
Ahmad Ghalehbani, Managing Director of the Iranian National Oil Company said in a translated statement that recovering the sunken jacket of South Pars oil field from the seabed is feasible in the coming weeks if it has not been seriously damaged, but that a realistic assessment of the jacket is needed before a recovery is executed.
He added that SADRA, the Iranian shipbuilding and marine repair yard, had been granted the contract for all stages of the project including design, construction, roll up and installation, and will be held financially responsible.
The root cause of the incident is still being investigated, however weather and a very soft seabed appear to be the main causes of the incident which resulted the jacket tipping over and sinking unexpectedly.
He also clarified that if the recovery of the jacket fails, SADRA is obligated to construct a new jacket which may delay this project by at least 5 months.
Earlier post:
This story was initially reported on January 30th citing a press release on the Iranian Pars Oil and Gas website. $40 million was the number placed on the value of what sank off Iran.
An update from the Pars Oil and Gas website today proves what is abundantly clear by watching this video. The sinking structure is the “jacket,” or the structure used to support the topside production facility which has yet to be installed. Jackets such as this one do not cost $40 million to make.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
A tanker transiting the Strait of Hormuz was attacked by a small boat that attached two explosive devices to its hull, triggering an engine room fire and temporarily disabling the...
The Baltic Exchange has received two whistleblowing claims of attempted manipulation of the world’s benchmark tanker rate since the beginning of the war in Iran, according to documents made public as part of a major legal battle with trading house Mercuria Energy Group.
Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that has carried millions of barrels out of the Strait of Hormuz in recent weeks.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
