French Group Receives $110-Million Offshore Rig Order From Soviet Union

The Soviet Union awarded a major offshore oil-drilling contract to a French consortium. The two Paris-based firms that won the contract are E.T.P.M. and U.I.E.

The $110-million contract for the first Soviet attempt at deepwater oil drilling went to a French group that has never before supplied the kind of equipment needed for the project.

The equipment covered in the contract will be used to set up a deepwater oil-drilling unit in the Caspian Sea.

The contract is one of the last to be awarded under the current 10th Five-Year Plan. During the 11th Five-Year Plan, 1981 to 1985, the Soviets hope to make the Caspian Sea their major offshore drilling area.

Maritime Reporter Magazine, page 6, Apr 1980

Read French Group Receives $110-Million Offshore Rig Order From Soviet Union in Pdf, Flash or Html5 edition of April 1980 Maritime Reporter

Other stories from April 1980 issue

Content

Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.