Hendi marked the occasion of the 5th of Khordad (May 26), celebrated as National Oil Exploration Day, and highlighted its significance as a turning point in Iran’s history. "This was the first successful oil discovery in the Middle East and the beginning of a transformation that impacted all political, economic, industrial and cultural aspects of the country and even the region," he said.

While noting that May 26, 1908, is recognized as the starting point of Iran’s oil industry, Hendi added that exploration activities in Iran began even earlier, with initial studies and several unsuccessful attempts before the historic discovery.

 Exploration requires long-term vision 

The former NIOC board member pointed out that over the past century, the oil industry has influenced all political, economic, industrial and cultural spheres in Iran. As an oil-rich nation, Iran has relied on this industry in many domestic developments and foreign relations, particularly in geopolitical matters. "This natural resource has at times created opportunities and at other times challenges, but undoubtedly, the oil industry has been the main driver of the country’s progress," he said.

Hendi stressed that exploration is the frontline of the oil and gas value chain. "Workers in this field pave the way for development under the toughest conditions and with minimal resources. Yet, since exploration efforts rarely receive public recognition—unlike field development, which is celebrated—their contributions often go unappreciated. That is why I believe exploration workers are the unsung pioneers of the oil industry."

He emphasized the need for special attention to exploration under current conditions. "While increasing production is undoubtedly a higher priority given Iran’s low production-to-reserves ratio compared to global standards, this should not lead to neglecting fundamental activities like exploration. Boosting production can yield results in months, but expanding exploration requires long-term planning. Ignoring it could cause years of setbacks in progress."

 Continued exploration roadmap, the need for investment 

Recalling that exploration became project-based at the start of Iran’s Sixth Development Plan (2017-2022), Hendi noted that this shift led to significant progress in previously overlooked regions such as Makran, Kopet-Dag and Golestan. "Sustaining this approach promises a bright future for oil and gas exploration," he said.

Referring to global energy transitions and their impact on Iran’s industry, Hendi said, "The world is rapidly moving toward renewables, and oil consumption is projected to decline in the coming decades—though gas will remain important. Given this, Iran’s oil industry must swiftly activate undeveloped fields and boost production. Many fields are now ready for production, thanks to past successful exploration efforts."

He praised NIOC’s recent efforts to introduce investment opportunities in the oil sector but stressed that the government must reduce its direct involvement and make contracts more attractive to genuine private investors. "Exploration is a high-risk sector, making investment more challenging. However, with the successful experience of past contracts (over 15 exploration block agreements signed), foreign companies’ capabilities can also be leveraged."

 Reviving the Supreme Exploration Council 

Hendi urged Iran’s oil minister and NIOC’s CEO to prioritize exploration management. "Unfortunately, exploration has been neglected for some time. The Supreme Exploration Council, which by law should convene every six months, has not met in years. Additionally, the exploration director should be reinstated on NIOC’s board—even as an observer or alternate—to ensure this sector’s potential is considered in decision-making."

In closing, Hendi expressed hope for Iran’s oil industry despite challenges. "Young professionals, through hard work, knowledge and skill, can shape its future. This is a historical inevitability. Iran is finding its path to development, and positive changes are underway. I hope the oil industry, relying on its skilled youth, soon reaches its rightful position."