Pars Energy Gostar Drilling and Exploration Company

What Pars Energy Gostar Drilling and Exploration Company does

Pars Energy Gostar Drilling and Exploration Company (PEDEX) is an Iran-based upstream oil and gas services contractor providing integrated Engineering, Procurement, Drilling, and Services (EPDS) to the country's state-owned energy operators. Established in 1981 as a subsidiary of the Mostazafan Foundation (Islamic Revolution Foundation), the company operates from its Tehran headquarters and a 12-hectare supporting base in Hamidieh, Khuzestan, with a workforce in the 501-1,000 range. Its core deliverables span well engineering and geology, drilling-fluid and cementing services, exploration and 3D seismic acquisition, drilling operations using its fleet of four 2000-HP and one 1000-HP land rigs, and a broad integrated technical drilling services stack (tubular running, slickline, well testing and stimulation, mud and wireline logging, coil tubing, wellhead services, waste management, and directional drilling).

PEDEX's revenue model is built on professional-services contracts won through competitive tenders issued by National Iranian Oil Company (NIOC) and its subsidiaries, including Petroleum Engineering & Development Company (PEDEC), Iranian Central Oil Fields Company (ICOFC), National Iranian South Oil Company (NISOC), and National Iranian Gas Company (NIGC). Pricing is undisclosed and negotiated on a project-by-project basis. The company's go-to-market is sales-led and B2B, anchored by demonstrated execution on flagship contracts such as the South Azadegan 20-well EPDS project and the Yourtesha Underground Gas Storage facility (900 million m³ capacity), often delivered through consortium arrangements with international partners including CNPC S&E, CPTDC, and Sofregaz. Operational scope is domestic-only (single-country Iran).

The company's competitive positioning rests on a combination of capital intensity (rig fleet and supporting infrastructure), 20+ years of accumulated drilling talent, certified HSE and quality management systems (ISO 9001, 14001, 45001, OHSAS 18001, Base I qualification), and privileged access to the Iranian domestic oil and gas market via its Mostazafan Foundation ownership. PEDEX does not publicly disclose financial statements, has no external institutional investors or venture capital involvement, and operates as a privately held, foundation-owned contractor serving a captive state-owned customer base.

Name

Pars Energy Gostar Drilling and Exploration Company

Legal name

Pars Energy Gostar Drilling and Exploration Company

Website

https://pedex.ir

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PEDEX is a private Iranian upstream oil and gas services contractor providing integrated drilling, engineering, exploration, and technical services to state-owned operators including NIOC, PEDEC, ICOFC, NISOC, and NIGC through a 5-rig land fleet.

Ownership category

akta.pro rank

Product category

Oil and Gas Drilling Services

NAICS

Drilling Oil and Gas Wells (213111), Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Oil and gas drilling
• Upstream exploration services
• Engineering procurement drilling
• Workover rig operations
• Seismic data acquisition

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. EPDS Drilling Projects: Engineering, Procurement, Drilling and Services contracts for drilling oil and gas wells. The company provides complete drilling operations including well engineering, casing, logging, completion, and all related technical services.
2. Technical Drilling Services: Integrated technical drilling services including tubular running services, slick line services, welltest & stimulation, ele.logging & perforation, mud logging, Coil tubing, wellhead services, cementing mud services, waste management, and directional drilling services.
3. Seismic and Exploration Services: Geological mapping, seismic data processing and interpretation, exploration studies, and related services for oil and gas clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Pars Energy Gostar Drilling and Exploration Company (PEDEX) is an integrated Engineering, Procurement, Drilling and Services (EPDS) contractor for upstream oil and gas projects in Iran. The company executes drilling and workover operations using a fleet of HP2000 and HP1000 workover rigs, supported by a 12-hectare logistics base, and delivers technical drilling services, seismic and exploration services, engineering, and commercial/procurement services.

Product overview

Pars Energy Gostar Drilling and Exploration Company (PEDEX) is an oil and gas upstream services provider offering integrated drilling solutions through its Engineering, Procurement, Drilling and Services (EPDS) model. The company operates a fleet of land drilling rigs (HP2000 and HP1000) and provides comprehensive technical services including tubular running, slick line operations, well testing, wireline logging, mud logging, cementing, and directional drilling. Additional capabilities span seismic and exploration studies, geological mapping, logistics and support base operations, and engineering services for well design and optimization. The company positions itself as a full-cycle drilling contractor capable of executing projects from exploration through well completion, with internal procurement and commercial capabilities supporting its operations.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Completed 20 wells at South Azadegan 2 years ahead of schedule
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered major, supporting and core.

• Sofregaz (French Company)majorStrategic or Co-development Partner · 1 January 2004Sofregaz selected as leader with PEDEX as Iranian partner for execution of Yourtesha UGS project based on their technical offer with the highest standards after completion of tender formalities.
• Beicip Franlab, Spectrum, IFP (Foreign Contractors)supportingTechnology or Integration · 1 January 2003Project with cooperation of foreign contractors (Beicip Franlab, Spectrum, IFP) and Iranian experts for Central Iran basin hydrocarbon exploration studies. Project area exceeded 30,000 km2.
• CNPC S&E and CPTDC (Chinese Companies)coreStrategic or Co-development Partner · 1 January 2000Formed consortium with Chinese companies CNPC S&E and CPTDC to execute Tabnak and Shanol gas field drilling project (24 gas wells). Project successfully completed within approximately two years.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Weatherford International: Global oilfield services company providing drilling, evaluation, and intervention services. Comparable to PEDEX in providing integrated well construction services and technical drilling capabilities.
• Halliburton: Global oilfield services company providing drilling services, well construction, and technical services worldwide. Comparable to PEDEX in integrated service offerings but at much larger scale and global footprint.
• Schlumberger (SLB): Global oilfield services leader providing drilling, evaluation, and production services. PEDEX competes against SLB offerings at a smaller scale in Iran, and SLB represents the type of integrated services PEDEX aspires to through its EPDS model.
• Saipem: Italian oilfield services and engineering company providing drilling, E&C, and integrated services. Comparable to PEDEX in providing EPDS-style integrated services for upstream oil and gas.
• Petrofac: International oilfield services and engineering company providing integrated drilling, well engineering, and field development services. Comparable to PEDEX in offering integrated upstream services across the project lifecycle.

Direct peers

• KCA Deutag: International drilling contractor operating land and offshore rigs globally. PEDEX is comparable as a peer drilling contractor operating a fleet of HP2000-class rigs and offering integrated drilling services.
• Iranian Offshore Engineering and Construction Company (IOEC): Iranian offshore engineering and construction services provider active in the upstream oil & gas space, competing for similar contracts with Iranian state-owned oil companies and providing drilling-adjacent services.
• National Iranian Drilling Company (NIDC): Iran's largest state-owned drilling contractor operating land and offshore rigs across Iranian oilfields. Direct competitor for EPDS tenders from NIOC, PEDEC, ICOFC, and other Iranian state operators that PEDEX also serves.
• Greatwall Drilling Company (CNPC): Chinese drilling services subsidiary of CNPC providing land and offshore drilling operations. PEDEX partnered with CNPC S&E and CPTDC on Tabnak/Shanol gas field drilling project, demonstrating direct competitive overlap in Iranian oilfield drilling.

Regional players

• SOCAR (State Oil Company of Azerbaijan Republic): Azerbaijan state-owned oil company with integrated drilling and E&P operations in the Caspian region. Regional peer with similar state-affiliated structure operating in the Middle East/Caspian upstream oil & gas space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pars Energy Gostar Drilling and Exploration Company