TEHRAN (Shana) — The Petropars Group and the National Iranian Drilling Company have signed a memorandum of understanding to cooperate in implementation of oil and gas projects.

According To Iran News, the MOU was signed by Hamid Reza Masoudi, CEO of Petropars Group, and Seyed Abdullah Mousavi, CEO of the NIDC.

Accordingly, the two sides stressed the need to provide conditions for cooperation in the implementation of future petroleum projects.

Having implemented various projects in the field of oil, gas and petrochemicals, Petropars, an Iranian exploration and production company, has a massive capacity to use the services of Iranian contractors in order to strengthen domestic companies.

The National Iranian Drilling Company, on the other hand, while enjoying 75 land and offshore drilling rigs, has the largest fleet of drilling machinery and equipment that can provide the drilling services required for Iranian oil companies.

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TEHRAN – National Iranian Drilling Company (NIDC) and Pezhvak Energy Engineering Services Company (PECO) signed an agreement worth $60m to cooperate on the developmental project of Sepehr and Jufair oil fields in west of Karoun in Khouzestan Province.

According to reports, in a ceremony held on Sunday, the CEO of National Iranian Drilling Company Mr. Seyed Abdollah Mousavi, the CEO of Pasargad Energy Development Company (PEDC) Eng. Mehdi Mirmoezi and the CEO of Pezhvak Energy Engineering Services Company Mr Abbas Qobadi signed the deal. PECO is an affiliated company of PEDC.

The agreement has been drawn up based on the Iranian petroleum contract (IPC) and is considered as the first contract for developing hydrocarbon reservoirs which is signed in the year of surge in production between Iranian companies. According to the contract, NIDC will both drill developmental wells mentioned in the contract and offer the defined integrated auxiliary services in the project.

Addressing the ceremony, Mr. Mousavi pointed to the capacities and capabilities of the company as the biggest specialized parent drilling company in Iran’s oil industry, adding that NIDC has had focal role in drilling of exploration wells in different fields in the country like Sepehr and Jufair and it has enough reservoir information and experience in such fields.

He noted that the company has chosen two of its heaviest and modern  drilling machines Fath 93 and Fath 94 for commencing the operation and it will use necessary equipment and experienced experts in the operational, technical and engineering services sectors in order to have a favorable cooperation and interaction with Pezhvak Energy Company based on the fixed schedule.

He said the company is in talks with Pasargad Energy Development Company to cooperate in drilling and completing 10 more wells in those fields, too.

Mousavi added that the company simultaneously will continue its cooperation with its other government and private partners in the project named “development of 28 reservoirs” and it will employ 15 drilling machines and considerable part of its potentials in offering technical and engineering services.

Later, addressing the ceremony, the CEO of PEDC Mr. Mirmoezi hailed NIDC as the biggest drilling company in the country, adding that NIDC has enough capacities for involving in field-based projects both in the country or abroad, expressing that it is expected over 100 wells to be drilled in the developmental project in Sepehr and Jufair fields. He reiterated cooperation between NIDC with private companies will pave the ground for progress and development.

Meanwhile the CEO of PECO Eng. Qobadi, for his part, highlighted activities of the company and its activities regarding the oil and gas projects.

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The MoU was the result of synergy  of scientific and research department and managements of research, technology, marketing, production engineering and international cooperation and human resources departments of the company and the MoU revealed the significance of interaction and expansion of cooperation between the company and universities.

Speaking in the ceremony, Eng. Mousavi welcomed the cooperation with Azad Islamic University, saying that the company has currently interactions with majority of the universities like Sharif, Azad Islamic, Amir Kabir, Tehran and Science and Industry universities in scientific, research fields and it is in constant exchange of experience with them.

He reiterated that the result of such cooperation with universities is the indigenizing production of major spare parts in the oil industry.

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He noted that active presence in the local market with an eye to the neighboring states’ markets will pave the ground for increasing the incomes, and currently cooperation in 27 EPC/EPD projects of National Iranian Oil Company and interaction with other companies for implementing projects will lead to full utilization from the existing capacities.

Takaidi went on to say that renovation and overhaul of those parts of the company which is involved in job creation and money-making are on the agenda of the company.

He then pointed to an executive 150-article charter of the company which is vital for development of the company.

He said that the company has taken measures to boost quality of services in order to meet demands of its clients.

He also hailed the personnel of the company for active participation during the recent floods in the countr.

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He went on to say that the company in compliance with the oil minister’s emphasis has had effective presence in helping the flood-hit regions by mobilizing its staff and equipment.

Mousavi noted that over 700 experts of the company were involved in helping the flood-hit regions. He reiterated that the whole company has covered support and help in an area around 100 kilometers on the shores of Karoon, Karkheh and Dez rivers.

He added that the staff of the company in the operational sector have drilled seven oil and gas wells and registered about 20,000 meters long drilling in the oil fields from March 21 to end of April.

Mousavi asserted that activities for drilling machines in some areas have come on a halt due to the floods.

He also pointed to other aids and activities of the company for observing its social responsibilities for the flood-hit areas like offering medical services, distribution of medicine, distributing warm food, mineral water and hygienic items, adding that the company is now fully prepared for implementing its drilling projects.

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