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Petropars at a Glance

Petropars at a glance

As the mega Gas Field of South Pars was explored in the Persian Gulf and the necessity of its development aroused, the idea of establishing a local company to transfer and develop the management know-how of large oil & gas programe came up; therefore, in 1998, Petropars Ltd was established. In the first step, the company undertook the implementation of the phase 1 South Pars gas field and in cooperation with internationally accredited companies was able to transfer the necessary management and technical knowledge to the country. Then, the development program for Phases 4 and 5 of South Pars Gas Field was transferred to Petropars, the first experience of an Iranian company in financing and investing in program and mega projects. With the significant success that Petropars achieved in this project, it has taken steps towards the fundamental management of domestic and foreign contractors and enhancing project management knowledge in Iran, and has thus been responsible for the implementation and development of Phases 6,7,8 of South Pars Gas Field.

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Undertaking these projects in South Pars Gas Field paved the way for Petropars to be awarded the development of Phase 12 of South Pars Gas Field as well becoming the largest Iranian contractor in oil & gas industry. Despite all challenges, Petropars. completed the project with undeniable success in 2014 and added another notable achievement to its remarkable resume. With its achievements, Petropars was opted as the most powerful domestic contractor in the oil and gas sector so that the development of Phase 19 of South Pars Gas Field and Farzad Gas Field, North Cabinda, etc. were added to the company’s agenda. Using enhanced the Petropars capabilities, Phase 19 of the South Pars Gas Field development was successfully completed in 2017. Considering financing the projects of Phase 1 and Phases 4,5,6,7,8 and 12, Petropars is now considered as the only Iranian contractor which is capable of financing the mega projects, relying on its sole stakeholder , NICO. Backed by its reputation, Petropars intended to became an Exploration & Production (E&P) Company in International level, seeking new opportunities for development in Iran and other countries in partnership with reputable International Oil Companies in the world

1998
1998
  • PPL Establishment
  • Award of SPGFD Phase 1 to PPL
2000
2000
  • Award of SPGFD Phases 6, 7 & 8 to PPL
  • Award of SPGFD Phases 4 & 5 to ENI & PPL
2002
2002
  • PPI Establishment
  • PPI-FZE Establishment
2003
2003
  • POSCO ESTABLISHMENT
  • Handover of SPGFD Phase 1 Onshore Refinery
2004
2004
  • PRE ESTABLISHMENT
  • SPGFD Phase 1 Start of Operation
2005
2005
  • SPGFD Phases 4 & 5 Official Startup
  • Award of SPGFD Phase 12 to PPL
2006
2006
  • Award of Dobokoubi Contract to PPL(Venezuela)
2008
2008
  • SPGFD Phases 6, 7 & 8 Official Startup
  • Start of Drilling in SPGFD Phase 12 by POSCO
2009
2009
  • POMC ESTABLISHMENT
  • Award of North Cabinda (Angola) Contract to PPL
2010
2010
  • Start of SPGFD Phase 12 Onshore Contracts
  • Award of SPGFD Phase 19 to PPL and PPI
2011
2011
  • Award of Farzad-A HOA to PPL
  • Award of SPIFON II Contract
2012
2012
  • Start of Drilling in Farzad-A by POSCO
  • Start of Drilling in SPGFD Phase 19 by POSCO
  • Start of ERP project in Petropars
2013
2013
  • Boiler Firing and Start of Commissioning in SPGFD Phase 12
  • Farzad-A Drilling Completion
2014
2014
  • Start of O & M by POMC in SPGFD Phase 12 Refinery
  • Farzad-A Drilling Completion
  • KCT Establishment
2015
2015
  • SPGFD 19 Drilling Completion
  • Farzad-A Drilling Completion
  • Flare Firing of SPGFD 19 Onshore Refinery
  • Start of Work Over Project in Salman Field by POSCO
2016
2016
  • Sour gas injection to the onshore plant of SPGFD 19 from offshore
  • Commissioning of three gas sweetening units of SPGFD 19 and gas injection to the national gas pipeline
  • Loading first part of SPGFD 19 condensate for export
  • Oil ministry approval of Petropars as the best eligible Iranian E & P company
  • Signing HOA between Total, CNPC, Petropars and NIOC for SPGFD Phase 11 development
2017
2017
  • Official opening ceremony of Phase 19
  • Assignment of Farzad MC Contract to PPL
  • Official Assignment of Phase 11 to PPL, TOTAL and CNPCI
2018
2018
  • LOI award for Azadegan MC Contract
  • Award of Balal Field GC Contract
2019
2019
  • Contract signed for Azadegan MC Project
  • Award of Engineering Services Contract by Ilam Gas Refinery
  • Contract Signing Ceremony Developement Belal Gas Field
 

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