Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
by jgambino | Thu, 2009-10-22 16:40
selected project
Petrobras, Caspian Sea Development
description
In 2007, Petrobras won a $470 million contract to develop blocks 6 and 29 in Iran's section of the Caspian Sea. The E&D contract was one of the deepest awarded by Iran in the Caspian. Two years after exploration began, however, Petrobras announced that the oil was not commercially viable, and was mainly gas. Petrobras has since pulled out.
Status
- Current Status:
- Discussion Date:
- Contract Date: Tue, 2007-03-06
- Completion Date: Fri, 2009-07-03
Citation
1. "Petrobras to Invest $470M in Iran's Caspian Sea", Rigzone, 6 March 2007, Available at http://www.rigzone.com/news/article.asp?a_id=42182.
2. "Brazil's Petrobras sees few prospects for Iran oil", Reuters, 3 July 2009, Available at http://www.reuters.com/article/rbssIntegratedOilGas/idUSN0317110720090703.
All projects by Petrobras
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| Petrobras | Petrobras E&D in Persian Gulf | $100 million |
07/05/09 |
---- | |||
| Petrobras | Petrobras, Caspian Sea Development | $470 million |
07/03/09 |
---- | |||
| Petrobras | Petrobras, Ending Operations | ---- |
11/16/09 |
---- |