Lloyd’s Register recently held an event at the NITC in Tehran, Iran, to share knowledge and experience to help companies optimise their oil and gas operations. It brought together 130 senior oil and gas executives from international and national companies.

Nearly half of all unplanned downtime is due to equipment failure. 57% of delegates in Iran believe the Iranian Energy Industry should invest to upgrade or replace outdated equipment and processes. 92% of those surveyed agree that Iran’s energy industry workers need to upgrade their alignment with international standards and best practices.

Alasdair Buchanan, Energy Director of Lloyd’s Register says, “We are committed to help the Iranian oil and gas and marine industries increase production, and we believe it is critical to enhance the competence of the Iranian workforce by imparting our knowledge and skills, and transferring our understanding and application of technology to support production optimisation, cost effectively and safely.”

Delegates were able to discuss solutions impacting Iran’s oil production including methods, tools and competence in safety management, low cost optimisation of producing assets, and reducing maintenance and operating costs, through to how best to improve competence to increase drilling production and reservoir recovery.

Buchanan adds, “Through our recent acquisition of LR Senergy, who excel in the development and management of oil and gas fields, we have further strengthened our capability to address the needs of our customers in Iran. We are looking forward to providing technical and engineering support to help the Iranian oil and gas industry through the upcoming challenges of safe oil and gas exploration.”

An audience survey conducted at the Lloyds Register event showed that 51% of respondents felt that plant equipment and operational processes were “adequate” and could still get the job done, while 27% said these were out of date. In a separate question, 43% showed widespread recognition that equipment across the Iranian oil industry needed to be replaced, while 57% opted for equipment upgrade, arguably in recognition of the limited investment capacity that is currently available for the sector.

Andrew Barker, Vice-President Strategic Development for Iran at Lloyd’s Register highlights, “Post-sanctions, we have secured several contracts and are working on numerous opportunities which include re-Classing an NITC Tanker m.t. “Ark” – the first to be re Classed to an IACS member since sanctions lift, securing the Class of a further 18 of the fleet; and an MoU signed with Diamond Sepehr Drilling Kish – a new start subsidiary of Iranian Offshore Engineering and Construction Company (IOEC) to assist them with qualification as an E&P company, and associated technical expertise.”

During the event, panel sessions were supported by special guests including Ehsan Mousavi, Managing Director, PKMS Training Services, a representative from the EOR Study Center-Research Institute of Petroleum Industry (RIPI), and James McCallum, Lloyd’s Register Consultant.

Tags: Lloyd’s Register