A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil

According to Energy Press, the last well in the shallow part of the Caspian Sea was drilled in 1376. Drilling in the deep part of the Caspian Sea was also stopped since 2013; Of course, the resumption of activity in this sector was included in the plan of the Ministry of Oil after the repairs of the Iran-Amirkabir semi-floating platform.
In May of this year, on the sidelines of the 29th International Oil, Gas, Refining and Petrochemical Exhibition, an executive order was issued by the Minister of Oil to restart exploratory drilling in the shallow part of the Caspian Sea. An issue that was announced at the same time, which was done with the simultaneous installation of the drilling rig of the North Drilling Company in the Rudsar structure in block 18 of Caspian and 70 meters of water depth.