"The company has entered into negotiations to sign the Malaysian company Petronas to do seismic operations in some Caspian Sea blocks in the near future," Shana cites National Iranian Oil Co., or NIOC, chief Seifollah Jashnsaz as saying.
This would be the first time Iran would participate in deep sea excavation, Jashnsaz said, adding that Iran will contract foreign companies for human resource and staff training for deep sea operations and to lead in drilling operations, reports Shana.
Jashnsaz said the NIOC will look for foreign financing for the project, according to Shana.