"[Our] Iranian partners have vast experience in offshore oil development and this alliance will provide our country with high technological know-how," CVP president Eulogio Del Pino said in a PDVSA statement.
Venezirian will be headquartered in Caracas and will speed up the installation and operational startup of new gas developments, the majority of which are offshore, the statement said. It added that the JV will build semi-submersible and self-raising platform components, which will be assembled in Venezuela.
In related news, PDVSA's sea transport unit PDV Marina signed a contract with Sadra (Iran Marine Industrial Company) to purchase four 105,000-t crude oil tankers.
Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
Most Popular Articles
From the Career Center
Jobs that may interest you