Introduction

Petroleum Engineering and Development Company (PEDEC)  

Petroleum Engineering and Development Company was established in 1994 with the objective of managing and supervising the implementation of major oil and gas projects at National Iranian Oil Company (NIOC).

Presently PEDEC consists of approximately 500 nos. of technically and managerially qualified personnel. 

 In the course of implementation of a large number of projects both onshore and offshore, PEDEC is working with a large number of engineering/ contracting companies both within and outside Iran, thereby providing a platform for the transfer of technology in oil and gas related projects and ushering in an era of technology self-sufficiency in Iran.   

PEDEC - Development Arm of NIOC – Our Vision, Mission, and Company ‎Values:‎  

Corporate Vision: 

To become a fully nurtured, self sufficient and self contained Oil and Gas Technology ‎Company within NIOC. ‎  

Corporate Mission and Project Objectives: ‎   

To carry out development projects which provide the best value for the Islamic Republic of Iran and which shall ensure that development projects are carried out:   

·        Safely, on time and within budget

·        In compliance with National environment requirements.

·        In compliance with Iranian Content Requirements

·        In a manner that the quality of life of the community and ecological balance and heritage are preserved through a strong environmental conscience.

·        Prudently so that people today and future generations benefit from the wiser stewardship of the earth's resources.

·        In a manner that requirements for all projects including regulatory, legal requirements etc. as applicable from time to time are clearly followed in case of all projects.

·        In a manner that projects are implemented conforming to various national and International codes, standards and procedures.    

Company Values: 

·         Passion for excellence

·        Cultivation of quality as a way of life and high standards of work  culture.

·        Recognition that innovation with value addition is fundamental to progress.

·        Cultivation of high standards of ethics and quality for a strong corporate identity.

·        Promotion of integrity and trust as basic to functioning.

·        Promotion of harmonious and productive working relationships with the various developmental agencies so that the projects are coordinated in a most cost efficient and timely manner.