The Sepehr and Jofeir fields were discovered in 1976 with the drilling of Well No. 1 Jofeir. These fields are located in the northern part of the Abadan Plain sedimentary basin, in southwestern Khuzestan Province, approximately 60 kilometers west of Ahvaz and 30 kilometers south of Susangerd. The Sepehr-Jofeir fields cover an area of approximately 352 square kilometers, with dimensions of about 23 kilometers in length and 27 kilometers in width. Development of the Sepehr and Jofeir oil fields in the West Karun region is ongoing. The estimated oil in place for the field is 5.4 billion barrels, with recoverable oil estimated at 450 million barrels. The oil in the Ilam reservoir is heavy with an API gravity of 20, while in the Fahlyan reservoir, it is light with an API gravity of 43. Figures 1 and 2 show the geographical location of the Sepehr and Jofeir fields, adjacent to the giant fields of Azadegan South and Yadavaran.
The Sepehr and Jofeir drilling project, under Contract No. SJ-CN-SC-98-0034 has the National Iranian Oil Engineering and Development Company (PEDEC) as the main employer and the Pasargad Exploration, Development, and Production Company as the contracting party. The project site is located in Khuzestan Province, 60 kilometers west of Ahvaz and 30 kilometers south of Susangerd. The contract was signed on May 2, 2020, and the start date is July 3, 2020, with duration of 2 years. This project falls under the scope of EPDS contracts and includes engineering, procurement, drilling, and associated services for 6 wells using 2 HP 2000 drilling rigs. Two of these wells will be used for appraisal, and four will be production wells. The contract will be executed in a consortium with the National Iranian Drilling Company.
Pejvak Energy Engineering Services Company (PECO), a subsidiary of Pasargad Energy Development Group, aims to become a leading firm in upstream contract management and contracting, with a focus on the value chain of upstream activities in the oil and gas sector. The company is dedicated to diversifying its business portfolio by seizing new opportunities within the upstream oil and gas value chain. It operates with a mission to create value in this field.
To this end, Pejvak Energy Engineering Services is engaged in executing upstream oil and gas projects both onshore and offshore as a package and expanding strategic collaborations with domestic and international companies. The goal is to enhance capabilities and leverage modern technologies. With its financial backing and shareholder support, the company is a dynamic and agile organization with diverse capabilities in business development, financing, and partnership. It also specializes in project management and execution, engineering, procurement of goods and equipment, drilling of oil and gas wells, and providing technical support and logistics services. The company employs experienced and professional specialists and emphasizes organizational commitment and motivation, positioning itself as a pragmatic arm of the Pasargad Energy Development Group in the mentioned areas and striving to fulfill its vision and mission.
Pejvak Energy Engineering Services Company (PECO), a subsidiary of Pasargad Energy Development Group, aims to become a leading firm in upstream contract management and contracting, with a focus on the value chain of upstream activities in the oil and gas sector. The company is dedicated to diversifying its business portfolio by seizing new opportunities within the upstream oil and gas value chain. It operates with a mission to create value in this field.
In the implementation of the Sepehr and Jofeir oil fields development project in Khuzestan Province, Pasargad Exploration and Production Company and Pezhvak Energy Engineering Services Company, subsidiaries of the Pasargad Energy Development Group, and the National Iranian Drilling Company signed a work contract valued at $60 million. The contract was signed on Sunday, May 3rd, in Tehran by the CEO of Pasargad Energy Development Group, the CEO of Pasargad Exploration and Production Company, the CEO and board member of Pezhvak Energy Engineering Services Company, and the CEO and Chairman of the Board of Directors of the National Iranian Drilling Company. This IPC (Integrated Petroleum Contract) collaboration is considered the first hydrocarbon reservoir development contract exchanged between Iranian companies during the Year of Production Leap.
The Sepehr and Jofeir fields were discovered in 1976 with the drilling of Well No. 1 Jofeir. These fields are located in the northern part of the Abadan Plain sedimentary basin, in southwestern Khuzestan Province, approximately 60 kilometers west of Ahvaz and 30 kilometers south of Susangerd. The Sepehr-Jofeir fields cover an area of approximately 352 square kilometers, with dimensions of about 23 kilometers in length and 27 kilometers in width. Development of the Sepehr and Jofeir oil fields in the West Karun region is ongoing. The estimated oil in place for the field is 5.4 billion barrels, with recoverable oil estimated at 450 million barrels. The oil in the Ilam reservoir is heavy with an API gravity of 20, while in the Fahlyan reservoir, it is light with an API gravity of 43. Figures 1 and 2 show the geographical location of the Sepehr and Jofeir fields, adjacent to the giant fields of Azadegan South and Yadavaran.
The Sepehr and Jofeir drilling project, under Contract No. SJ-CN-SC-98-0034 has the National Iranian Oil Engineering and Development Company (PEDEC) as the main employer and the Pasargad Exploration, Development, and Production Company as the contracting party. The project site is located in Khuzestan Province, 60 kilometers west of Ahvaz and 30 kilometers south of Susangerd. The contract was signed on May 2, 2020, and the start date is July 3, 2020, with duration of 2 years. This project falls under the scope of EPDS contracts and includes engineering, procurement, drilling, and associated services for 6 wells using 2 HP 2000 drilling rigs. Two of these wells will be used for appraisal, and four will be production wells. The contract will be executed in a consortium with the National Iranian Drilling Company.
Pejvak Energy Engineering Services Company (PECO), a subsidiary of Pasargad Energy Development Group, aims to become a leading firm in upstream contract management and contracting, with a focus on the value chain of upstream activities in the oil and gas sector. The company is dedicated to diversifying its business portfolio by seizing new opportunities within the upstream oil and gas value chain. It operates with a mission to create value in this field.
To this end, Pejvak Energy Engineering Services is engaged in executing upstream oil and gas projects both onshore and offshore as a package and expanding strategic collaborations with domestic and international companies. The goal is to enhance capabilities and leverage modern technologies. With its financial backing and shareholder support, the company is a dynamic and agile organization with diverse capabilities in business development, financing, and partnership. It also specializes in project management and execution, engineering, procurement of goods and equipment, drilling of oil and gas wells, and providing technical support and logistics services. The company employs experienced and professional specialists and emphasizes organizational commitment and motivation, positioning itself as a pragmatic arm of the Pasargad Energy Development Group in the mentioned areas and striving to fulfill its vision and mission.
Pejvak Energy Engineering Services Company (PECO), a subsidiary of Pasargad Energy Development Group, aims to become a leading firm in upstream contract management and contracting, with a focus on the value chain of upstream activities in the oil and gas sector. The company is dedicated to diversifying its business portfolio by seizing new opportunities within the upstream oil and gas value chain. It operates with a mission to create value in this field.
In the implementation of the Sepehr and Jofeir oil fields development project in Khuzestan Province, Pasargad Exploration and Production Company and Pezhvak Energy Engineering Services Company, subsidiaries of the Pasargad Energy Development Group, and the National Iranian Drilling Company signed a work contract valued at $60 million. The contract was signed on Sunday, May 3rd, in Tehran by the CEO of Pasargad Energy Development Group, the CEO of Pasargad Exploration and Production Company, the CEO and board member of Pezhvak Energy Engineering Services Company, and the CEO and Chairman of the Board of Directors of the National Iranian Drilling Company. This IPC (Integrated Petroleum Contract) collaboration is considered the first hydrocarbon reservoir development contract exchanged between Iranian companies during the Year of Production Leap.