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:

1997 - Establishment of PEDCO Company as a General Contractor
2000 - Start of Development of Salman , Nosrat and Farzam Fields
2001 - Start of Extra Oil Production from Salman Field
2002 Start of Development of Foroozan and Esfandiar Fields
2003 Start of Development of Azadegan Field for Early Production and Development of Foroozan and Esfandiar Fields
2004 Start of Development of SPOL Field
2005 Drilling of First Appraisal Well in Hengam Field
2008 Start of Development of Jufeyr Field, Start of Construction of Infrastructure and Pipeline at Foroozan Field, Start of Construction of Sirri-Assaluyeh Pipeline
2009 Establishment of A Subsidiary for Drilling Services
2010 Commissioning of Salman Project
2011 Delivering of Salman Project
2012 Purchasing First Offshore Drilling Rig (DCI-1)
2013 Start of Drilling Operation by DCI-1 Rig at SP-Phase 20 Project
2014 Establishment of a Subsidiary Company for Engineering and Construction
2015 Purchasing Second Offshore Drilling Rig (DCI-2)
2016 Certifying PEDCO as an E&P Company by Petroleum Ministry
2017 Shipment of Oil for the First time from South Pars Oil Layer
2018 Start of Sirri EPDF Project