| Company type | Subsidiary of Naftiran Intertrade (part of NIOC) |
|---|---|
| Industry | Oil and gas |
| Founded | 1997 |
| Headquarters | , |
Key people | Mansour Mehrshad(CEO) |
| Parent | Naftiran Intertrade |
| Website | www |
Petroiran Development Company Limited (Petroiran; PEDCO) is an oil and gas company based in Tehran, Iran. It is a subsidiary of Naftiran Intertrade, a part of the National Iranian Oil Company, responsible for developing upstream oil projects. The company was established in 1997 and in 1999 it was registered in St. Helier, Jersey.[1][2]
In 2003 it was announced that Petroiran will merge with Petropars, another subsidiary of Naftiran Intertrade.[3] The merger did not take a place. In 2007, the company was designated for privatization.[4][5] On 14 December 2008, it was sold to Dana Energy.[6] However, the deal was not finalized.[7]
The company develops the South Pars, Azadegan, Foroozan, Salman, Nosrat, Farzam and Arash fields.[8][9] Belpars, a joint company of Petroiran and Belarusneft, a subsidiary of Belneftekhim, is developing the Jofeir oil field.[10][11]
In 2006, the company had a legal dispute with Romanian Grup Servicii Petroliere over the ownership of jack-up drilling rigs GSP Orizont and GSP Fortuna.[12][13][14][15]
References
- ^ "History". PetroIran. Retrieved 15 July 2012.
- ^ "Petroiran Development Company". National Iranian Oil Company. Retrieved 15 July 2012.
- ^ "Two Iranian Oil Companies to Merge". Rigzone. 14 July 2003. Retrieved 15 July 2012.
- ^ "Oil companies' salable stakes defined". Payvand. Mehr News Agency. 24 July 2007. Retrieved 15 July 2012.
- ^ "Iran to float energy umbrella funds". Upstream Online. NHST Media Group. 11 February 2008. Retrieved 15 July 2012.
- ^ "Dana Energy set for giant stride in Iran". Upstream Online. NHST Media Group. 5 February 2010. Retrieved 15 July 2012.
- ^ "POGC to bankroll floater deal as Pedco in limbo". Upstream Online. NHST Media Group. 20 August 2010. (subscription required). Retrieved 15 July 2012.
- ^ "Marine-1 Drilling Rigs Starting Operations". Fars News Agency. 20 June 2012. Archived from the original on 20 June 2012. Retrieved 15 July 2012.
- ^ Kalantari, Hashem (2006-12-13). "Iran Signs $300M Contract on Azadegan--Ministry". Rigzone. Dow Jones Newswires. Retrieved 2012-07-15.
- ^ "Iran Opens First Trade Office in Belarus". Fars News Agency. 2010-11-24. Archived from the original on 2010-12-13. Retrieved 2012-07-15.
- ^ "Empowering People in Oil and Gas".
- ^ "GSP: Fortuna Arrives in UAE". Rigzone. 2006-08-16. Retrieved 2012-07-15.
- ^ Carvalho, Stanley (2006-08-17). "Romanian firm hotly disputes Petroiran's claim". Gulf News. Retrieved 2012-07-15.
- ^ Smyth, Gareth (2006-08-24). "Petroiran backs oil rig seizure in Gulf". Financial Times. Retrieved 2012-07-15.
- ^ "Tehran denies occupying Romanian drilling platform in Gulf". Monsters and Critics. 2006-08-23. Archived from the original on 2012-07-17. Retrieved 2012-07-15.
External links
This page was last edited on 2 April 2024, at 20:38