Krasnye Barrikady

Energy
Russia

"Russian shipbuilder Krasnye Barrikady and an Iranian company have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf. The deal signed with Iran’s Tasdid Offshore Development Company (TODC) on Sunday envisages the construction of each drilling rig over two years in the port city of Khorramshahr, TODC Managing Director Ehsanollah Mousavi said. The project will be jointly financed by Russia and Iran, and put the Islamic Republic among the countries capable of building drilling rigs... Mousavi signed the agreement with Krasnye Barrikady CEO Alexander Ilyichev, lending a fresh momentum to Iran’s oil and gas development, including its massive South Pars field." (Press TV, "Iran, Russia ink $1 billion oil rig deal," 08/28/2016).

--

"Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf, a company official told Reuters. The project, which was under discussion for almost two years, will be financed jointly by Russia and Iran, the official said. Iran will soon make a 15 percent advance payment on the $200 million price of the first rig, he said." (Reuters, "Russian shipbuilder wins $1 bln Iran contract for five Gulf oil rigs," 5/23/2016)