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Petropars Ranks 1st in Physical Assets Management and CMMS

  Petropars Ranks 1st in Physical Assets Management and CMMS

Upon the evaluation made by the Strategic Council of Technical Evaluation and Industrial Standards Assessment, an Appreciation Monument and the 1st Rank Figure for Physical Assets Management and CMMS were awarded to Engineer Masoudi, the Managing Director of Petropars.

According to a report released by the Public Relations and International Affairs Department of Petropars Group, in the course of the ceremony held at Pars Economic and Energy Special Zone on the occasion of International Standards Day, an Appreciation Monument and the 1st Rank Figure were awarded to Petropars.

The text of the Appreciation Monument, which was signed by the Managing Director of  Pars Economic and Energy Special Zone Organization as well as the Director General of Technical System, Evaluation and Projects affiliated to the Petroleum Ministry, reads “the unsparing efforts and untiring attempts extended by the Managing Director and employees of Petropars contributed to winning the 1st rank in supervisory activities and integration in deployment  of industrial standards in the area of Physical Assets Management and CMMS at Pars Economic and Energy Special Zone. We hereby appreciate the invaluable efforts rendered and the priceless attempts made by your good self, and by the managers, directors and personnel of Petropars.

Based on the Excellence Model developed by the Petroleum Ministry, implementation of the principles governing the Physical Assets Management and CMMS is considered of strategic significance, and Petropars has managed, upon cooperation with the huge international companies to domesticate the technical know-how in this respect and to implement the said principles in the projects they have undertaken to execute. Consequently, Petropars is included among the very few companies which has acquired and mastered this technical know-how.

Improvement of financial operations, being conscious of the assets investment decisions, risk management, promotion and improvement of the services and products, substantiation of social accountability, promotion of credibility, sustainability of the organization, improvement of working conditions and being effective are included among some of the merits and advantages of implementing of assets management.

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Established in 1998, Petropars Ltd. (PPL) was founded in order to contribute towards the development of Iran’s vast energy resources PPL specializes as a developer of exploration exploitation and production in upstream projects... Read more