A senior official with the Research Institute of Petroleum Industry (RIPI) voiced the center's readiness to offer technical services to Exploration and Production companies willing to join petroleum projects in Iran.
Speaking on the sidelines of the 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2017), Mansour Bazmi, director of the technology and international relations of RIPI, said cooperation with E&P companies in oil and gas projects has been top on the institute's agenda.
"Given RIPI's long history in cooperation with international companies, it is capable of offering quality services with low costs to them," he said.
Bazmi said Iran's petroleum industry is leaning towards cooperation with foreign companies that adopt EOR and IOR methods for enhancing oil and gas recovery from Iran's reservoirs, adding RIPI, as the research arm of the Iranian Ministry of Petroleum, would play its part in this regard.
Iranian capital city of Tehran is host to the Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2017), at the city's permanent fairground.
The show is being held with 4,000 exhibitors from across the globe running 1,800 pavilions.
1,016 pavilions are representing 2,500 Iranian firms while 811 other pavilions represent nearly 1,500 foreign companies from 37 countries.
Exhibitors from China, Germany, France, Italy, Spain, Turkey, Russia, Japan, Austria, South Korea, the US, and Australia are running stalls at the 4-day showcase, he added.
The company has so far spudded over 4,000 wells since its establishment.