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NISOC Preparing 8 Production Maintenance   Enhancement Packages

 NISOC Preparing 8 Production Maintenance Enhancement Packages

Tuesday، 01 January 2019 | Article Rating

TEHRAN (Shana) -- The National Iranian South Oil Company (NISOC) is preparing to finalize 8 oil production maintenance and enhancement packages by the end of the current calendar year to March 20 2019, the company’s CEO said.


This would include holding licensing rounds for the projects entailed in the packages.

According to the company, Ahmad Mohammadi told a specialized meeting concerning the packages for bolstering and maintaining production at 28 oil reservoirs operated by the company, that NISOC was serious in finalizing at least 8 of the packages by the end of the year.

He also expected that production from 28 reservoirs of the company would increase by the end of the year.

The National Iranian Oil Company (NIOC), with emphasis on accelerating the completion of packages and holding licensing rounds in the form of EPC/EPD contracts, with the purpose of increasing employment and dynamism of the labor and goods market in the country, particularly in Khuzestan Province, has tasked NISOC with finalizing eight packages by the end of this calendar year and choosing contractors for them so that at least 14 macro projects would begin during the first half of the next year, he said.

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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