Sarvak Azar Engineering and Development Company

Name

Sarvak Azar Engineering and Development Company

Legal name

شرکت مهندسی و توسعه سروک آذر

Website

https://sarvakazar.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Oil & Gas Exploration & Production

NAICS

Crude Petroleum Extraction (211120), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (2131)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Machinery & Equipment (3533), Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC)

akta.pro secondary industries

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Oil & Gas Processing & LNG Facility Construction (IMAFADAB)

Keywords

• Oil field development
• Crude oil production
• Upstream exploration
• EPC oil gas
• Drilling operations

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

Revenue model

1. Crude Oil Production and Sale: The company generates revenue through production and sale of crude oil from the Azar oil field. Production capacity is 65,000 BOPD under full development. Oil is transported via dedicated pipeline to Dehloran and Cheshmeh Khosh facilities. Sweet oil is also produced and sold. Phase 1 development under Buy-Back contract generated approximately 5 billion USD in export revenue from 70 million barrels exported.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Sarvak Azar Engineering and Development Company operates as an Exploration and Production (E&P) company focused on the development and production of the Azar shared oil field on the Iran-Iraq border. The company executes engineering, procurement, and construction (EPC) of upstream oil and gas infrastructure including drilling (19 production wells plus 1 water disposal well), wellhead facilities, a 65,000 BOPD Central Processing Unit, and approximately 200 km of export pipelines. Crude oil is produced and sold to the National Iranian Oil Company (NIOC) under Iran Petroleum Contract (IPC) and Buy-Back frameworks.

Product overview

Sarvak Azar Engineering and Development Company (SAED) operates as an E&P (Exploration and Production) company focused on oil field development and production. The company manages the Azar shared oil field (bordering Iraq) through an integrated portfolio of core products including drilling operations (19 production wells + 1 water disposal well), wellhead facilities and flow lines, a Central Processing Unit (65,000 BOPD capacity), oil and gas export pipelines (approximately 200 km), and early production facilities. Additionally, the company maintains service contracts for production maintenance and surface facility operations, executed through subsidiary companies including عملیات توسعه میدان آذر (AFD) for Phase 2 development operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Drilling Projects (پروژه‌های حفاری) Drilling operations for the Azar oil field including 19 production wells and 1 water disposal well drilled to 4700 meters depth into the Sarvak/Asmari formation, plus use of existing AZR-02 well for production.
• Well Facilities and Flow Lines (تاسیسات سرچاهی و خطوط) Wellhead facilities and flow lines for 20 wells including 8 wells for initial production and 11 additional wells plus one water disposal well for final production, connecting to the Central Processing Facility.
• Central Processing Unit Project (پروژه واحد فرآورش مرکزی) Central processing facility designed for 65,000 BOPD final production capacity with three-phase separators, desalter, hot desulfurization tower, and gas compression facilities. Scope includes engineering, procurement, construction, commissioning, and related services.
• Oil and Gas Export Pipeline Project (پروژه خط لوله صادرات نفت و گاز) EPC project including 130 km sour crude pipeline, 130 km sour gas pipeline, and 63 km sweet crude pipeline, SCADA system, and fiber optic cable along approximately 200 km of right-of-way, connecting Azar field to national processing infrastructure.
• Early Production Facilities (پروژه تاسیسات زودهنگام) Early Production System (EPS) providing rapid minimum facilities for oil production before permanent facility installation.
• Production Maintenance Services Contract Maintenance services for production operations including well workover, nitrogen stimulation, staged acidizing, production system testing, PI testing, PL testing, and wellhead services at Azar oil field.
• Operations, Maintenance and Repair of Surface Facilities Contract (قرارداد بهره‌برداری، تعمیر و نگهداری تاسیسات سطح‌الارضی) Operation, maintenance and repair of surface facilities at Azar oil field, executed with production capacity of 65,000 barrels per day.
• Azar Oil Field Phase 2 Development (via AFD subsidiary) Phase 2 development of Azar oil field under IPC contract framework executed through AFD (Azar Field Development Operations Company) subsidiary, targeting 30,000 BOPD production increase with over 1 billion USD investment.

Quantifiable outcome

• 65,000 BOPD production capacity achieved
• +4 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Five partnerships are on record, tiered major, strategic and core.

• Oil Industries Engineering & Construction (OIEC)majorStrategic or Co-development PartnerPart of the consortium for Phase 1 development of Azar oil field under Buy-Back contract alongside Ahdaf Investment Group.
• Oil Industry Research Institute / Petroleum University of Iran (پژوهشگاه صنعت نفت)strategicStrategic or Co-development PartnerSigned cooperation contract for laboratory studies and field consulting to resolve production problems at Azar oil field. Collaboration on technical, specialized and research projects in upstream and downstream oil and gas sectors.
• National Iranian Oil Company (NIOC)coreOthersParent organization and main customer. NIOC oversees E&P sector and is the off-taker for crude oil production. Company received E&P license from Ministry of Petroleum to operate as Exploration and Production company.
• Geneva International Centre for Humanitarian Demining (GICHD)strategicOthersInternational organization that registered Sarvak Azar as the first oil company globally engaged in humanitarian mine clearance. Supports mine risk education and unexploded ordnance awareness training.
• Azar Field Development Operations (AFD)coreStrategic or Co-development PartnerSubsidiary company established specifically for Phase 2 development of Azar oil field under IPC contract framework.

Scale indicators11 records

Recent moves3 records

Broad incumbents

• Weatherford International: Weatherford International is a global oilfield equipment and services provider specializing in well completion, intervention, and production technologies. It is broadly comparable to Sarvak Azar through its portfolio of swellable packers, mechanical anchors, and intervention tools that overlap with Sarvak Azar's first-in-Iran completions.
• Halliburton: Halliburton is a global oilfield services and equipment company with strong capabilities in well completion, stimulation, and production optimization. It is broadly comparable to Sarvak Azar through its offerings of acidizing, completion tools, and production technologies applicable to high-H2S complex fields.
• MAPNA Group: MAPNA Group is a major Iranian industrial conglomerate active in power generation, turbines, and oil and gas EPC. It is broadly comparable to Sarvak Azar as a large diversified domestic player executing energy infrastructure projects in Iran, though with a wider portfolio beyond pure upstream E&P.
• SLB (formerly Schlumberger): SLB is the world's largest oilfield services company, providing drilling, completion, and production technologies across complex fields globally. It is broadly comparable to Sarvak Azar as a global incumbent whose well stimulation, completion, and reservoir technologies (e.g., HVAS, acidizing, packers) overlap with Sarvak Azar's deployed proprietary techniques.

Direct peers

• Petroiran Development Company (PDC): Petroiran Development Company is NIOC's main E&P subsidiary, developing and operating Iranian oil and gas fields under IPC contracts. It is directly comparable to Sarvak Azar as an Iranian indigenous E&P company executing field development and production for NIOC.
• Dana Energy Company: Dana Energy is an Iranian integrated energy company involved in upstream oil and gas development, production, and field services. It is directly comparable to Sarvak Azar as a domestic Iranian E&P and field services peer operating under similar contract frameworks.
• Pasargad Energy Development Company: Pasargad Energy Development Company is a major Iranian energy holding that develops and operates oil and gas fields under IPC contracts. It is comparable to Sarvak Azar as an Iranian private-sector E&P operator with field development, production, and offtake relationships with NIOC.
• Iranian Central Oil Fields Company (ICOFC): ICOFC is an NIOC subsidiary that develops and operates Iran's central oil fields, including shared/transboundary fields. It is directly comparable to Sarvak Azar as a state-affiliated E&P operator managing complex onshore fields under contract with NIOC.
• Iranian Offshore Engineering and Construction Company (IOEC): IOEC is an Iranian EPC contractor specializing in offshore oil and gas facilities, pipelines, and platforms. It is comparable to Sarvak Azar through its Phase 1 consortium participation and overlapping EPC capabilities for Iranian oil and gas processing and export infrastructure.
• North Drilling Company (NDC): North Drilling Company is an Iranian drilling services provider under the NIOC umbrella, operating onshore and offshore drilling rigs. It is comparable to Sarvak Azar as a domestic upstream services peer supporting drilling operations across Iranian oil fields.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/saedco

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 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 Sarvak Azar Engineering and Development Company