Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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selected project

Zhenhua Heavy - Spain's ADHK Provide Equipment for NIOC

description

Shanghai Zhenhua Heavy Industry won $2.2 billion worth of orders from Spanish explorer Arborec Desarrollos Sociedad Anonima for the construction of drilling rigs and floating cranes. The contract calls for 10 jack-up drilling units, seven land rigs and two floating cranes.
Deliveries are scheduled for mid-2011.

Status

  • Current Status:
  • Discussion Date: Wed, 2009-07-29
  • Contract Date: Wed, 2009-07-29
  • Completion Date:

Citation

1. "Iran, China Sign Agreement on Drilling Rigs." Fars News Agency. July 29, 2009. Available at http://english.farsnews.com/newstext.php?nn=8805071324.

2. "Zhenhua bags $2.2bn rig bounty." Upstream Online. July 29, 2009. Available at http://www.upstreamonline.com/live/article183884.ece.

All projects by Shanghai Zhenhua Heavy Industry Co., Ltd (Zhenhua)