Pars Oil and Gas Company (POGC) was established on December 22, 1998, as one of the subsidiaries of the National Iranian Oil Company (NIOC).
Given the significance of accelerating exploitation of the supergiant South Pars gas field as the largest one in the world, which alone holds half of Iran's natural gas reserves, made creation of an independent organization with a special mandate to develop the field a necessity.
Likewise, Pars Oil and Gas Company (Private Joint Stock Company) was formed according to Paragraph (a) of Article 5 of the Articles of Association of Petroleum Engineering and Development Company (PEDEC) for development of the field, and all the concerning personnel and facilities as well as accounts were transferred to POGC.
POGC is mandated to develop the refining and offshore sectors of all South Pars phases, as well as Farzad, Bilal, Kish, North Pars, Golshan and Ferdowsi gas fields and the South Pars oil layer (SPOL).
Furthermore, POGC is engaged in such logistics projects as construction of ports, residential settlements, roads and flood control systems, and development of complementary projects including gas condensate storage facilities and demercaptization of condensate (DMC) unit, power plant and transmission line projects in projects like Besat Centralized and Combined Cycle Power Plant, Power Lines and Substations, and Jask Oil Terminal Project.
Carrying out missions and implementing contracts in crude oil and natural gas exploration, development, production and processing, as well as transportation of crude oil and petroleum products to storage facilities and ports, loading items in South Pars, North Pars and other offshore fields in the Persian Gulf and other missions established by the general assembly of the Company make up other duties and responsibilities of POGC.
Pursuant to the approvals of the NIOC, POGC has been tasked with operational activities concerning wells, offshore platforms and underwater transmission pipelines before the Slug Catcher unit of land facilities.
In this regard, POGC, as the largest natural gas supplier in Iran that accounts for 80% of its gas output, runs about 40 offshore platforms with hundreds of production wells and thousands of kilometers of offshore pipelines in an area covering 3,700 km in the Iranian part of the world's largest gas field in the Persian Gulf.
By developing various phases of the South Pars gas field and other ongoing projects, POGC bolster’s the country's gross national income and sets out a novel perspective on the growth and prosperity of oil and gas industries in the country.