About PEDEC

Iran, as the second oil producer of OPEC, holds 10% of world oil reserves as well as 18% of natural gas reserves, which demonstrates the remarkable situation of the country in the globe in this regard.

The upward developmental trend of Iran’s position would be up to the point that by exporting some 2.6 million barrels of oil within the next two decades, Iran would meet 12% of world’s energy demand.

Petroleum Engineering and Development Company

Established in 1994, Petroleum Engineering and Development Company recruited the most experienced and efficient workforce engaged in National Iranian Oil Company to pursue it’s primarily objective of developing a number of new hydrocarbon fields as well as some major on stream fields located in southern oil regions.

Since establishment, PEDEC has managed to add over 500 thousand barrels a day of oil to the production capacity of Iran.

Over 500 million barrels of oil, gas and condensate production rise of Iran is indebted to the implementation of development plans executed by Petroleum Engineering and Development Company.

PEDEC managers and experts are determined to foster production rate of the country by 1 billion barrels of oil, gas and condensate by the end of 2015.