Iran discovers 46 oil fields in Caspian Sea

Press TV
Thursday, July 23, 2009

Forty-six oil exploration fields have been identified in the Caspian Sea, says Iranian Oil Minister Gholam-Hossein Nozari.

According to Nozari, eight of the fields are presently ready for exploitation.

The comment came as Iran launched its domestically-built 14,000-ton offshore platform in its territorial Caspian waters to increase its oil output.

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Iran says the semi-submersible drilling rig called Iran-Alborz is the largest in the Middle East.

The platform can operate at water depths up to 1,030 meters and can drill down to 6,000 meters under the seabed.

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Nozari went on to add that Iran plans to build a new oil pipeline linking the northern port of Neka in the Caspian Sea to the southern port of Jask in the Gulf of Oman.

Full story here.

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