PEDCO Latest news and events
TEHRAN (PEDCO) -- Alireza Sadeghi Abdollahi, CEO of PetroIran Development Company, has announced the commencement of drilling for the first well in the second package of the 9-well Infill Drilling Development Project at the South Pars gas field. The project aims to be completed in record time, addre...
TEHRAN (PEDCO) -- Petrosahel Ofogh Kish (PESOK) has successfully upgraded its contractor ranking, as announced by the company's CEO, Nima Baqersaei. The upgrade, granted by the country's Planning and Budget Organization, marks a significant milestone in the company's capabilities within Iran's oil, ...
TEHRAN (PEDCO) -- Alireza Sadeghi Abdollahi, Hamidreza Saghafi, Ali Salehnia, and Nima Baqersaei, the CEOs of the PetroIran Development Group, have expressed their heartfelt condolences in a joint message following the martyrdom of Hamas leader Ismail Haniyeh and his bodyguard.
TEHRAN (PEDCO) – PetroIran Development Company, the Iranian oil and gas development company, has officially begun drilling operations for 35 wells in the shared South Pars gas field. The project, which is a part of the broader development of Phase 12’s Block SPD12B, marks a significant milestone in ...
CEO: Realizing Leadership Vision for Production Surge Requires Major Transformations in PEDCO Strategies, Policies, Programs
TEHRAN (PEDCO) - On the third day of the 28th Iran International Oil, Gas, Petrochemical, and Refinery Exhibition (Iran Oil Show), the CEO of Petroiran Development Company (PEDCO) engaged in discussions with the Deputy Minister of Petroleum and other dignitaries.
KISH ISLAND (PEDCO) - Amid escalating unilateral sanctions, new concepts such as "resistance economy," "knowledge-based economy," and the slogan "production leap with people's participation" have emerged as strategic pillars in Iran, according to the CEO of Petro Sahel Ofoq Kish (PESOK).
TEHRAN (PEDCO) - Following the completion of the Binak oil field development project, in addition to increasing the production capacity by approximately 12,500 barrels per day, the development of the gas pressure boosting station at the Binak field will also assist in addressing the country's gas ...
TEHRAN (PEDCO) - The Technical Director of Petroiran Development Company (PEDCO) has announced that several executive and feasibility projects are currently underway.
TEHRAN (PEDCO) - On the second day of the 28th Iran International Oil, Gas, Petrochemical, and Refinery Exhibition (Iran Oil Show), the CEO of Petroiran Development Company (PEDCO) played host to prominent domestic companies at the PEDCO booth.

Petroiran Development Company

Registered as a subsidiary company to National Iranian Oil Company (NIOC) is certified as an Exploration and Production company by Petroleum Ministry. PEDCO is currently active mainly  in offshore oil and gas field development projects in the Persian Gulf as well as onshore oil and gas field projects.

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
2019
Application of multi-phase pumps in the National Iranian South Oil Company (NISOC); start of the construction of wellhead facilities and pipelines in Kabud Field
2020
Start of the maintenance and production enhancement plan for the Mansour Abad oil field; Start of the implementation of the comprehensive study plan for the Sarvestan and Saadat Abad fields; start of the implementation of the Binak oil field project;
2021
Start of the documents study and engineering of the Toos Gas Field project; localization of heavy completion fluid production technology for oil and gas wells; signing a memorandum of understanding for studies on the Azadegan oil field in the central section;
2022
Start of contract negotiations for the development of Aghar, Dey fields, and Farashband Gas Refinery
6
Billion USD
Billion USD

Projects Total Cost

Total Cost of all the Current and Completed Projects


155315
BPD
BPD
Daily Extra Oil Production
Daily Oil Production Improvement of Onshore and Offshore Fields
1.1
billion
billion
Oil Production Summary
Oil Production Summary from Salman Field
57.17
Million
Million
Man-Hours
Creating Direct and Indirect Job Opportunities
64300
Ton
Ton

Steel Construction

The Tonnage of Construction and Installation of Steel Construction


746
KM
KM

Pipeline

Length of Offshore Pipeline Execution

361758
Meter
Meter
Drilling & Work Over
Length of Drilled & Worked Over  Offshore and Onshore Oil and Gas  Wells
128
Wells
Wells

 Drilling &  Work Over

Number of Drilled and Worked Over

Offshore and Onshore Oil and as Wells


22

Projects

Number of Current and Completed

Projects


Projects
This plan, aimed at maintaining the production rate from the South Pars gas field and managing the country's gas imbalance, was announced on December ...
The Azadegan oil field development project started in 2003 with the aim of early production of 50,000 barrels of oil per day.
The development plan of Jofeir Oil Field started in 2008 with the aim of early production of 3,500 barrels/day of crude oil and 1.7 million cubic feet...
The development plan of Forozan and Esfandiar fields started in 2002 with the aim of increasing oil production by 50,000 b/d.
The Salman field development project started in 2000 with the aim of increasing oil production by 50,000 barrels per day and producing 540 million cub...
Construction and installation of infrastructures (jackets) and pipelines in Forouzan Fields which started in 2008.
The South Pars oil layers development project started in 2004 with the aim of producing 25,000 barrels/day of crude oil.
Projects’ Locations and Information

(To See Projects’ Information Click on The Blinking Points)

clients
Our Business
PEDCO as a certified company is active in Exploration , Development  and Production in oil and gas industry. In order to complete its full business chain, PEDCO has set up specialized and independent business units to provide Drilling, Engineering and Construction, Commercial and Logistics 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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