PetroIran explained
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]
Notes and References
- Web site: History. PetroIran. 15 July 2012.
- Web site: Petroiran Development Company. National Iranian Oil Company. 15 July 2012.
- News: Two Iranian Oil Companies to Merge. Rigzone. 14 July 2003. 15 July 2012.
- News: Oil companies' salable stakes defined. Payvand. Mehr News Agency. 24 July 2007. 15 July 2012.
- News: Upstream Online. NHST Media Group. Iran to float energy umbrella funds. 11 February 2008. 15 July 2012.
- News: Upstream Online. NHST Media Group. Dana Energy set for giant stride in Iran. 5 February 2010. 15 July 2012.
- News: Upstream Online. NHST Media Group. POGC to bankroll floater deal as Pedco in limbo. 20 August 2010. 15 July 2012. .
- News: Fars News Agency. Marine-1 Drilling Rigs Starting Operations. 20 June 2012. 15 July 2012. https://web.archive.org/web/20120620180041/http://english.farsnews.com/newstext.php?nn=9103082962. 20 June 2012. dead.
- News: Rigzone . . Hashem . Kalantari . Iran Signs $300M Contract on Azadegan--Ministry . 2006-12-13 . 2012-07-15.
- News: . Iran Opens First Trade Office in Belarus . 2010-11-24 . 2012-07-15 . https://swap.stanford.edu/20101213033455/http://english.farsnews.com/newstext.php?nn=8909031412 . 2010-12-13 . dead .
- Web site: Empowering People in Oil and Gas.
- News: Rigzone . GSP: Fortuna Arrives in UAE . 2006-08-16 . 2012-07-15.
- News: . Romanian firm hotly disputes Petroiran's claim . Stanley . Carvalho . 2006-08-17 . 2012-07-15.
- News: . Petroiran backs oil rig seizure in Gulf . Gareth . Smyth . 2006-08-24 . 2012-07-15.
- News: Monsters and Critics . Tehran denies occupying Romanian drilling platform in Gulf . 2006-08-23 . 2012-07-15 . https://web.archive.org/web/20120717071502/http://news.monstersandcritics.com/energywatch/oilandgas/news/article_1193740.php/Tehran_denies_occupying_Romanian_drilling_platform_in_Gulf . 2012-07-17 . dead .
