Ebrahim Aghaei, Director of Business and Business Development of the Petroleum Equipment Industries Group (PEIC), stated regarding the advantage of using the company’s products over its foreign counterparts. He said Before 1991, the Ministry of Petroleum imported all piping materials and wellhead equipment from abroad. The Ministry of Industries and the Ministry of Petroleum agreed in 1991 to establish a company for domestic production, and subsequently the petroleum Equipment Industries Company was established. At that time, 16 companies were under the supervision of the petroleum Equipment Industries Group, and in accordance with the government’s policy of privatization, this company was also transferred to the private sector, and currently the major shareholder of the petroleum Equipment Industries Group is the Oil Pension Fund. Aghaei added that currently, 100 percent of piping material items that used to be imported from abroad are completely manufactured domestically, and fortunately, they are now produced with the highest desired quality and the best technology, and perhaps even at prices less than a quarter of the purchase price from abroad.
While pointing out that all subsidiaries of the petroleum Equipment Industries Group are on the approved vendor list of the National Oil Company, the National Gas Company, the National Petrochemical Industries Company, and the National Refining and Distribution Company, Aghaei said that according to available statistics, the petroleum Equipment Industries Group has a 42 percent share in supplying the required items among approximately 30 domestic manufacturing companies, so that the major and high market share belongs to the subsidiaries of the petroleum Equipment Industries Group.
Regarding the export of equipment produced by the Petroleum Equipment Industries Group, Aghaei stated it has taken very extensive measures and was registered on the vendor list of the National Iraqi Oil Company, the Syrian Oil Company, and the Nigerian Oil Company as an approved company. Therefore, many efforts have been made to export, but due to political issues and, unfortunately, API, which the company did not possess at that time, purchasing from the company was difficult. But fortunately, about two months ago, it got the ISO equivalent to API, and the field of export has almost opened up. A month ago, ISO was approved as an API by the National Iraqi Oil Company in Iraq, and it’s hoped that it will be able to export soon because its capacity is relatively empty compared to the facilities we have, and the field of export will be created.
Regarding the manufacture of the 15000PSI wellhead equipment, he said PEIC is the largest and best manufacturer of this type of wellhead equipment in the Middle East. About two years ago, it started producing the highest pressure cap of the wellhead, which is 15000 PSI, which is unique in the Middle East, and according to the available information, it is ranked fourth in the world after UK, USA, and Norway, and the only company that can manufacture the 15000 PSI wellhead is the Petroleum Equipment Industries Group.
Mr. Aghaei further said the Petroleum Equipment Industries Group has no competitors in the field of manufacturing the 15000PSI Wellhead in the Middle East except for the three countries mentioned. He noted that it manufactured and prepared four complete sets of the 15000PSI Wellhead last year. He said the managers of the National Iranian Southern Oilfields Company (NISOC) have visited the factory several times and conducted inspections and tests, and all four sets were delivered to NISOC in the presence of the Minister of Petroleum for deployment in the raw wells, and fortunately their performance has been good. It is hoped that it can expand the facilities created for the production of 15,000 PSI Wellhead for other companies.
Referring to the presence of the CEO of the Caspian Oil Company at the company’s pavilion at the Ahvaz Oil Equipment Manufacturing Exhibition, the Commercial and Business Development Manager of the Petroleum Equipment Industries Group said Mr. Daneshfar, CEO of the Caspian Oil Company, announced the need for the provision of Wellhead 15000PSI during this visit. The equipment can now be manufactured and delivered by PEIC.
Regarding the foreign currency savings of the Iranian Wellhead 15000PSI compared to its foreign equivalent, Aghaei stated that the same Wellhead 15000PSI is considered; American or English companies manufacture the piece for $700,000, while PEIC manufactures the same equipment for about $200,000. Therefore, Iran can make a very significant saving because it used to be imported.
In addition, the wells that were closed under 15,000 PSI pressure and could not be used due to the inability to import Wellhead 15,000 PSI can now be used and active, and PEIC prevented the closure of the wells. Regarding the construction of the Smart PEIC Complex as a hypermarket for oil industry equipment, PEIC is highly complex for manufacturing equipment, and apart from four subsidiaries, it has programs for manufacturing POP, PWP, and special skid manufacturing required by the oil and gas industries. It also plans to develop these programs in a smart complex and build the required ordered equipment. In this smart complex, one of the requirements is that the LNG equipment, which is currently being built, needs to be resistant to temperatures up to minus 180 degrees. In other words, the company has also entered the construction of the equipment required for LNG.
