By OGJ editors
HOUSTON, Jan. 9 -- Iran signed a contract with Edison of Italy for exploration rights to the 2.1 million acre Dayyer offshore block.
The block lies generally between Iran's coastal towns of Kangan and Bushehr, north across the Persian Gulf from the Qatar peninsula.
Edison plans to shoot seismic and drill one exploration well in a 4-year exploration period, investing €30 million.
National Iranian Oil Co. offered the block for bids in 2004.
