Petropars Oilfield Services Company

Subsidiary of designated entity Petropars - Iranian Company

Status:Medium Alert – Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.

Risk Level:unknown %

Info:
Petropars Oilfield Services Company (POSCO) was set up in Kish Island in July 2004, as a company owned 100% by Petropars Limited, with the aim being to manage drilling operations of appraisal and development well utilizing the most expert and optimally specialized human workforce, the best equipment and machinery in the most cost-effective and time-effective manner possible ever;

POSCO has so far managed to play a major role in implementation of different projects in oil and gas industries the most significant of which include:

Drilling of appraisal and development wells of Phase 12 of South Pars Gas Field (in process);

Drilling of appraisal wells of Phase 13 of South Pars Gas Field (completed);

Drilling of appraisal and development wells of Phase 19 of South Pars Gas Field (in process);

Drilling of the appraisal well required for Farzad-A Project;

Also Known As:
Petropars Oilfield services Co.
POSCO

Involved In:
Nuclear Weapon Program
Missile Weapon program

Country:
Iran

Address:
Kish harbor, PPI Bldg,

Phone:
+98-764-445 03 05

Website:
www.petropars.com/Subsidiaries/POSCO.aspx

Reason for the color:
» Listed by the European Union in October 2012 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;