IOEC, Standing For Quality With BID

Iranian Offshore Engineering and Construction Company (IOEC) is the first contractor to the oil and gas industry in Iran. IOEC is specialized in offshore engineering and in the construction of oil rigs and laying of submarine pipelines. IOEC belongs to the National Oil Company of Iran, one of the four largest oil companies in the world, with annual benefits which exceed US$ 51 billion and more than 125,000 employees. The Advisor to the Managing Director of IOEC, Najaf Pezeshkian, received the International Star for Leadership in Quality Award in Paris from the President of Business Initiative Directions, José E. Prieto.

Iranian Offshore Engineering and Construction Company (IOEC) is a private company, established in 1993 as Iran’s first Offshore General Contractor, 51% owned by NIOC Pension Fund and 49% by Industrial Development and Renovation Organization (IDRO). IOEC designs; supplies, constructs and installs sub-sea pipelines and fixed process platforms. The company operates one of the Middle East’s largest offshore fleet of specialized sub-sea pipelaying vessels. IOEC Employs the most talented and dedicated people in the industry and is able to execute Project Management, Engineering, Procurement, Fabrication, Construction, Installation, Commissioning, Pipe Laying, Pipe Coating, and almost all related offshore operations.

IOEC has successfully expanded its offshore services providing projects with full marine fleet supports for Pipelaying, Installation, Hook-up and Commissioning. Today as a Holding Company, IOEC is planning to extend its oil, gas and petrochemical activities to onshore and offshore, upstream as well as downstream activities and operations. IOEC owns over $600 million in assets including fabrication yards, concrete weight coating plant (CWC), pipelaying vessels, various lifting vessels, barges and other relevant equipment.IOEC has signed contracts for execution of over USD 5.5 billion in projects at hand. Last year, IOEC was awarded contracts totaling USD 1.485 billion. During 2007, IOEC completed three of its major projects successfully and handed them over to their respective clients in Iran and abroad.In IOEC, we acknowledge the importance of our human resources. In order to keep our employees content and up-to-date we provide them with constant upgrading, training and pay close attention to the practices of Total Quality Management and Team Work.In addition to IOEC’s market strategy to maintain and develop its activities in the Persian Gulf and the Indian Ocean, the company is also looking into Caspian Sea and has planned to enter South East Asian and South American and West African markets.IOEC’s new field of works include onshore and offshore drilling rigs, construction of pressure vessels, small service and supply vessels and coating factories in Iran and abroad.IOEC’s new field of works include onshore and offshore drilling rigs, construction of pressure vessels, small service and supply vessels and coating factories in Iran and abroad.

Looking back at IOEC’s original policy to help increase EPCI project capacity in the domestic market, today IOEC is confident and able to compete and grow globally relying on IOEC’s experience and expertise, working with potential clients in different fields where agreements can be reached as a contractor, subcontractor, in a consortium or in a joint venture capacity.
In that line agreements can be signed with clients providing them with assets and capabilities for the international and domestic markets and/ or can act as facilitator for successful project implementation in the Iranian market.
IOEC will continue to work hard, gain experience and invest in order to see opportunities, capitalize on its strengths and be responsive to environment, community as well as its shareholders.

Engineering is the discipline and profession of applying technical, scientific and mathematical knowledge in order to use natural laws and physical resources to help design and implement materials, structures, machines, devices, systems, and processes that safely realize a desired objective. The American Engineers’ Council for Professional Development (ECPD, the predecessor of ABET) has defined engineering as follows:
“The creative application of scientific principles to design or develop structures, machines, apparatus, or manufacturing processes, or works utilizing them singly or in combination; or to construct or operate the same with full cognizance of their design; or to forecast their behavior under specific operating conditions; all as respects an intended function, economics of operation and safety to life and property.”
One who practices engineering is called an engineer, and those licensed to do so may have more formal designations such as European Engineer, Professional Engineer, Chartered Engineer, or Incorporated Engineer. The broad discipline of engineering encompasses a range of more specialized subdisciplines, each with a more specific emphasis on certain fields of application and particular areas of technology.