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A New Era of Oil Collaboration Begins in the Azadegan Field

Just now September 20, 2026 1 min read 📰 Shana (Oil Ministry)
📋 Key Takeaway

The Oil Exploration Operations Company has signed an IPS contract with the Engineering Development Company for the Azadegan oil field, signaling a new phase of collaboration aimed at enhancing oil production and recovery rates. This development is significant for Iran's oil sector as it seeks to optimize resource extraction.

The CEO of the Oil Exploration Operations Company stated: The signing of the Integrated Production Services (IPS) contract between the Oil Exploration Operations Company and the Engineering Development Company of the Arvand Azadegan Oil and Gas Field marks the beginning of a new chapter in synergy in the area of sustainable production and increasing the recovery factor of the Azadegan oil field.

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Translation confidence: 85%

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