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Oil and Energy Industries Development company (OEID), is a private company and a subsidiary of OIEC Group and was formally established on April 14th, 1997 as a joint stock company.
OEID’s major background of expertise is within upstream activities pertaining the energy production, including oil & gas fields exploration and development and renewable energy projects.
The Company’s core area of activities are within Oil & Gas Reservoir Management, Exploitation Engineering, Production Engineering, Master Development Plan (MDP) preparation, Process Engineering, Drilling and Operations Engineering, Conceptual and Basic Design Engineering, Basic Design Survey and Feasibility Study, Procurement Engineering, and Performing Upstream & Downstream Projects.
The Company’s core area of activities are within Oil & Gas Reservoir Management, Exploitation Engineering, Production Engineering, Master Development Plan (MDP) preparation, Process Engineering, Drilling and Operations Engineering, Conceptual and Basic Design Engineering, Basic Design Survey and Feasibility Study, Procurement Engineering, and Performing Upstream & Downstream Projects.
Utilizing all acquired experiences from implementing awarded projects thorough specialized scrutiny enables OEID to prepare procedures for successfully implementing projects based on the latest international standards and in a wide range of theoretical analysis and executive activities by assistance of engineering, technical, drilling, and procurement managements of this Company.
During about one century of oil production in Iran, most of upstream activities have been held by National Iranian Oil Company (NIOC). OEID was established following Oil Ministry’s strategy to develop upstream activities and perform related projects by private sector of this company involving Seismic Services, Geophysics, Geology, Petrophysics, Reservoir Engineering, Drilling, Process Engineering, and Petroleum Economics.
This company benefits a group of well-known and professional managers and specialists who have high level of experience in oil & gas industries.
Presently, OEID is an advanced, quality and result-oriented company providing its services to both national and international clients.
OEID has also made a number of agreements with other powerful and reputable international companies in order to take advantage of their knowledge & experience in executing some of the most challenging projects.
OEID as an advanced company with its good reputation in quality and outcome and by benefiting from its experiences and application of the latest technologies in oil field development has executed some of the most important projects in upstream fields, where the development of the 16 fields is one of them.
Since OEID establishment, remarkable studies & activities have been done by this Company and OEID is ready to participate in all activities pertaining upstream projects according to the most competent international standards.
Our mission, being based on customer satisfaction and business excellence, aims at domestic and international growth through forming partnerships using shared resource management. Our commitment is to support the Iranian energy industries in their development, and to participate in achieving their goals whilst creating a safer work place and stronger environmental awareness.
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