24 September 2021 - 11:00
  • News Code: 321558
Iran Firm Wins IPMA Award for Project Excellence

TEHRAN (Shana) -- The Iranian developer of Azar joint field development project won the IPMA Global Project Excellence Management Award in the mega projects section of the award.

Sarvak Azar Engineering and Development Company (SAED), owned by the Petroleum Retirement Funds, which develops the Azar joint field as one of the most complex oil fields in the country, won the gold medal in IPMA Global Award for Project Excellence Management.

According to the company, after two decades of efforts by top Iranian projects to win the Global Project Excellence Award, which is held annually by the IPMA International Institute in different parts of the world, last night (Wednesday, September 23) at the IPMA Global Award 2021 hosted by Russia in St. Petersburg, the Iranian company Sarvak Azar Engineering and Development Company (SAED), became a finalist after IPMA evaluation courses.

The most important part of the world award was in the field of mega projects, and in intense competition with Finland and India, SAED won the gold medal.

Achieving a gold medal in this global competition has been achieved by SAED, a development company active in the upstream oil sector, on the grounds where the oil industry has been able to show a defensible performance in one of the most complex oil fields in the region and the world, despite Iran facing harsh sanctions.

This year, evaluation of various international projects based on the IPMA PEB model was carried out virtually by 6 international evaluators from Poland, the United Kingdom, the Netherlands, Kazakhstan, Nepal and China.

The screenings were implemented for three consecutive days and all the items related to the PEB model were carefully evaluated and finally Sarvak Azar Engineering and Development Company won the gold medal.

The IPMA World Award is designed in 10 different sections, of which the Mega Projects Award is the most important part, and it is a matter of pride that in addition to Iran's unparalleled brilliance in project management with new international models in the upstream oil industry, other Iranian youths shone brightly: Fereshteh Mir Hosseini won a gold medal in the project management category for young people under 35, and Alireza Aslan Hosseini from OICO, another subsidiary of OIEC, also won a bronze medal. Saeed Norouzi In the section of agile projects in this competition, another bronze medal was awarded to Iran, which was registered in the name of Saeed Norouzi, and in total, the country attracted the attention of the international project management community with two gold and two bronze medals.

Azar Oil Field

Azar oil field is located in the south of Ilam Province, adjacent to Al-Badra field in Iraq. The field’s development project was completed and put into production with a daily production capacity of 65,000 barrels per day of crude oil.

Since 2002, IPMA organises an annual international competition for projects and programmes presenting awards to teams that display and can prove great achievements in project and programme management. The IPMA Global Project Excellence Awards support project teams in their continuous improvement efforts. Guideline for the assessment is the IPMA Project Excellence Model® (IPMA PEM), described in the IPMA Project Excellence Baseline®. By rewarding teams that prove their success in the three IPMA PEM areas, IPMA recognises and acknowledges excellent and innovative projects.

The IPMA Project Excellence Model (IPMA PEM) was introduced in 2016 as an updated version of the model that has been in place since 2002. The main purpose of the IPMA PEM is to provide guidance to organisations in assessing the ability of their projects and programmes to achieve project excellence. The model is used as the framework which is used for the Project Excellence assessment. The model is based on Total Quality Management and related models such as EFQM and identifies three areas: People & Purpose, Processes & Resources and Project Results.

News Code 321558

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