The MoU signed between the Iranian Offshore Oil Company and the North Drilling Company was in line with development of technical, operational, executive and economic cooperation in a bid to utilize existing facilities, capabilities and capacities, and rise quantity and quality in these areas.

Moreover, the MoU signed between the IOOC and the knowledge-based Paya Hydraulic Jam Company is in conjunction with the Supreme Leader’s instructions in the year of knowledge-based and job-creating production and the policies focusing on the flourishing of the knowledge-based economy, countering sanctions and increasing experts’ employment for organized and systematic communication in providing indigenous knowledge-based products.

The company also signed a parametric modeling contract with the RIPI on limited implementation of pipelines and pressure vessels to analyze structural integrity and assess third level of serviceability.

Furthermore, the IOOC and the knowledge-based Paya Petro-technology company signed an MoU.

A memorandum of understanding was also signed among the IOOC, the RIPI and Kimianovin Company on providing analyses required for oil reservoirs such as stable isotope ratio analysis.

There was also a bilateral MoU signed between the IOOC and the RIPI to promote technology and technical know-how, optimize production, reduce costs and operational investment risks and increase the added value through innovation.