Abilities & Achivements

Abilities:

> Field studies
This includes 2-D and 3-D seismic survey, bathymetry and geological studies, offshore and onshore pipeline routing and optimization studies.

> Oil & gas fields development plan
This includes evaluation of oil and gas field reserves, geoscience studies using different scenarios and utilizing such techniques as IOR/EOR .

> Engineering design
Offshore and onshore basic design of oil and gas process facilities and also updating studies for performing optimization on existing facilities.

> Detailed engineering and design
Perform detailed design of offshore platforms, processing facilities , sub-sea pipelines, onshore oil and gas refineries and process plants.

> Project evaluation
Performing economical studies to determine the most commonly used profitability indices for evaluation of the project .

> Construction & installation of facilities
Construction and installation of wellhead, production, living quarters and gas lift platforms. Fabrication, Installation and Construction of oil and gas processing facilities.

> Project financing
Financing the projects either by using an internal source or within an approved framework of buy back project.

> Procurement
Purchasing, technical inspection, delivery and custom clearance of project materials and equipments.

> Pre-commissioning, commissioning and training
PEDCO specialists plan and execute pre-commissioning and commissioning activities of projects and also assure safe operation of equipments and facilities, PEDCO plans and executes programs for training of operator’s personnel.

 Achivements:

• Implementation of projects where national interests were not fulfilled by foreign companies
• Achieving a desirable position in upstream activities within national and international level
• Manifestation of executive capability through simultaneous execution of several major projects
• Maximum reliance on domestic consultants, manufacturers and man power
• Establishment of effective employment policies
• Sharing responsibility in developing common fields of the Persian Gulf
• Increasing the producible reserves in the common fields through identification of the reservoirs, appraisal and development of new layers
• Establishing Iranian capabilities, proficiency and knowledge in value chain of upstream projects
• Utilizing the experiences and abilities resulted from execution of development projects as the strategic tool of NIOC
• Taking advantage of bank credits and financial resources of international institutions

A glance at PEDCO Achievements

• Production of 164 Million extra barrels of crude oil from Salman , Foroozan, Nosrat & Farzam Common Fields.
• $8.28 Billion income from increase in crude oil production, 1.3 Billion $  is assigned to repayment costs and remained equal to 6.9 Billion $ is paid to government.
• Production enhancement from Salman and Foroozan Fields equal to 61,000 bbl/day causes more than $144 Million extra income for the country.
• Creating more than 30.5 Million man-hour/day job opportunity and Utilizing Iranian companies in PEDCO’s project development and obtaining  68.76% of contractual commitments according to Iranian content plan.
• Utilizing 280 expert staff.
• PEDCO is Certified to be conformed with ISO 9001:2000 and technical specification of ISO/TS 29000:2003