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History

Petroiran Development Company was established as a general contractor in 1996 for the purpose of operating development of oil and gas fields. Upon a decision adopted by National Iranian Oil Company in 2003, all shares of PEDCO were transferred to Naftiran Intertrade Company. In 2016, PEDCO was approved by the Iranian Ministry of Petroleum as a qualified E&P company to join partnership with international oil firms in developing oil and gas projects.

By reviewing the history and stages of the company's business development, the most important events and milestones in the process of activities of the Petroiran Development Company can be summarized as follows:

  • Establishment of PEDCO Company as a General Contractor
  • Start of Development of Salman , Nosrat and Farzam Fields
  • Start of Extra Oil Production from Salman Field
  • Start of Development of Foroozan and Esfandiar Fields
  • Start of Development of Azadegan Field for Early Production and Development of Foroozan and Esfandiar Fields
  • Start of Development of SPOL Field
  • Drilling of First Appraisal Well in Hengam Field
  • Start of Development of Jufeyr Field, Start of Construction of Infrastructure and Pipeline at Foroozan Field, Start of Construction of Sirri-Assaluyeh Pipeline
  • Establishment of A Subsidiary for Drilling Services
  • Commissioning of Salman Project
  • Delivering of Salman Project
  • Purchasing First Offshore Drilling Rig (DCI-1)
  • Start of Drilling Operation by DCI-1 Rig at SP-Phase 20 Project
  • Establishment of a Subsidiary Company for Engineering and Construction
  • Purchasing Second Offshore Drilling Rig (DCI-2)
  • Certifying PEDCO as an E&P Company by Petroleum Ministry
  • Shipment of Oil for the First time from South Pars Oil Layer
  • Start of Sirri EPDF Project
  • - Start of a research project with Amirkabir University of Technology
    - Using multiphase pumps in the National Iranian South Oil Company (NISOC)
    - Beginning of the construction of wellhead facilities and pipelines of 8 wells in Kabud Field
  • - Beginning of the maintenance and production enhancement plan of Mansour Abad Oil Field
    - Start of the implementation of the comprehensive study plan of Sarvestan and Saadat Abad fields
    - Start of the implementation of Binak Oil Field Development Project
  • - Beginning of the study and engineering project of Toos Gas Field Project by PISOK
    - Localization of heavy completion fluid production technology for oil and gas wells. Conducting final negotiations on the conclusion of the Soosangerd oil field development contract
    - Signing of the Memorandum of Understanding on Azadegan Oil Field studies in the central part
  • - Start of negotiations for the development contract of Aghar, Dey fields and Farashband gas refinery
    - Formation of a business unit for the development of deepwater resources
    - Development of cooperation for the establishment of "Innovation and Technology Center"
    - Development of activities in the field of geophysical and geological exploration services
Address : No. 20, Tabrizian st, Dastgerdi (Zafar) St., Shariati Ave., Tehran-Iran
Tel : +98-21-22914811 - 18
Fax : +98-21-22914798
Address : No. 20, Next To Shahid AmirSoheil Tabrizian Alley, Shahid Dastgerdi (Ex Zafar) Street, Shariati Street,
Tel : +98-21-22914811 - 18
Fax : +98-21-22914798
Address : No. 20, Next To Shahid AmirSoheil Tabrizian Alley, Shahid Dastgerdi (Ex Zafar) Street, Shariati Street,
Tel : +98-21-22914811 - 18
Fax : +98-21-22914798
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