Iran to Resume Deepwater Drilling Project in Caspian Sea
The CEO of Khazar Exploration and Production Company (KEPCO) announced the resumption of exploratory activities in the shallow waters of the Caspian Sea after 28 years, adding that a return to deepwater drilling is also on the agenda.
A semi-submersible platform, which had been completely idle since 2014, will return to operation after necessary repairs, Mohammad-Hossein Daneshfar said during a visit to the media office of the Ministry of Oil’s Public Relations Department on the final day of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025).
“Initially, we did not expect the drilling operations in the Roudsar structure of Block 18 in the Caspian Sea to receive such significant attention. However, we are pleased it drew domestic interest and even some international reactions,” he went on to say.
Highlighting the importance of expanding operations in the Caspian Sea, he emphasized, “Returning to deepwater drilling in the Caspian is a priority. The semi-submersible platform, fully suspended since 2014, will resume operations after repairs.”
He further noted that board discussions and planning efforts since November of last year have been directed toward this goal.
Daneshfar also reported 95% progress in the Gorgan Plain seismic project, stating, “The project, which began last November with about 30% progress, is now just 5% away from completion.”
“We have been active in this region for years. Despite suspensions since 2013, returning to deepwater operations signifies the reinforcement of our sovereignty in the Caspian Sea and aligns with the developmental activities of neighboring countries,” he added.
The 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), which opened on May 8th at the Tehran Permanent International Fairgrounds, concluded on Sunday.
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