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    Iranians plan massive expansion of offshore fleet

    Vessel & ROV News // February 14, 2003
    Fairplay (, the weekly international shipping magazine's Daily Newbuilding News reports that National Iranian Tanker Co (NITC) in Iran has drawn up plans for what it called a "massive expansion" of the country's offshore oilfield support vessel fleet.

    Fairplay said NITC is seeking foreign partners for a 46-vessel venture. It currently operates a fleet of 27 elderly vessels, all of which need replacement.

    The main reason for the massive expansion of the Iranian fleet is that the forthcoming development of the South Pars field which will boost offshore production to 1 million barrels per day by 2005, Fairplay said.

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