Iranian Offshore Engineering and Construction Company
Iranian Offshore Engineering and Construction Company (IOEC) is the first Iranian general contractor to the oil and gas industries.[1] IOEC specializes in offshore engineering, procurement, construction, pipe coating, pipelaying, and installation of jackets, top sides, etc. The company was established in 1993 and operates mainly in the Persian Gulf, with its head office in Tehran. It is a joint-venture between IDRO and the National Iranian Oil Company.
IOEC designs, procures, constructs, installs and services a complete range of offshore surface and partial subsurface infrastructure for the offshore oil and gas industries. With over 400 employees, IOEC is one of the largest integrated offshore and sub-sea pipelaying companies in the Middle East. Iran is self-sufficient in its offshore oil and gas drilling up to a depth of 150 meters (2009).[2]
IOIEC has been awarded the contract to develop phases 20 and 21 of South Pars for $5 billion.[3] IOEC has also won the $235 million tender for a major Indian off-shore oil project.[4]
The company is planning to extend its oil, gas and petrochemical activities to onshore and offshore, upstream as well as downstream activities and operations.