Director of the F18 oil platform, the construction of our country's experts in three offshore oil, IGC, and Pars Faragam companies, announced the installation of this huge industrial project in the foruzan oil reserve.

According to Public Relations and International Affairs of Qeshm Free Zone Organization, Morteza Houshmand stated: With the installation of this huge platform in Foruzan Oil reserve, 12,000 bpd of oil will be withdrawn from this common oil reserve with Saudi Arabia.

He added: "This platform that constructed by our country's experts, was installed along with the F18 jacket, which was transferred from Qeshm to the Foruzan oil reserve late last year.

According to Director of the F18 oil platform, The F18 reserve jacket and platform, built by domestic experts, and cost € 45 million.

He announced that the cost of built the F18 oil platform was € 27 million, and added: This huge oil project, with 28months time, and 126 thousand hours work of workers, ended in the Qeshm free zone.

He said: also for the built of the F18 jacket of this project had cost € 19 million.

Houshmand reminded: This oil platform, on June 10 this year, was installed in Foruzan Oil reserve, with the goal of harvesting 12,000 barrels of oil a day, based on wells drilled in this reserve.

According to this report, Foruzan oil reserve as a common area between Iran and Saudi Arabia, is located near the Khark Island.