Introduction- 3

Introduction

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Background

· Oil Exploration Operating company ( OEOC ) is a leading Iranian Company which has been actively participating in all aspects of oil & gas exploration services for thirty years . These activities include geophysical operations, geological studies , well testing & wireline , drilling , data processing and other relevant services.

The company started its activities as the operational section of NIOC. At present , CEO is an independent and dynamic private enterprise endeavouring to offer its clients services of the highest standards.

Today , quality together with health, safety and environmental protection issues are among overriding concerns of management in our Company .

List of OEOC Share Holders :

1. Iranian Oil Industry Pension Fund ( 99.2 % )

2. Iranian Oil Industry Pension Fund Investment Company ( 0.2 % )

3. Iranian Air Transport Company ( 0.2 % )

4. Sepahan Oil Company ( 0.2 % )

5. Davvar Moharrek Company ( 0.2 % )

Resources and Activities :

OEOC benefits from presence of highly experienced professionals amongst its decision making ranks each with years of experience in Iranian oil industry .

Supported by skillful staff and hi- tech equipment, OEOC has contributed extensively to the exploration and development of many oil and gas fields in the country.

OEOC has completed several seismic data acquisition , well testing & wireline , surveying , and data processing projects either on its own or as joint ventures with reputable international companies such as OMV ( Austria ) , English ( UK ) , and CGG ( France ). The geophysical prospects consisted of a variety of terrain types including deserts , mountains , transition zones and marine environments.

Code of Conduct :

· OEOC is committed to conduct its activities in a legal , ethical , professional and responsible manner. This is reflected in management commitment to meet our client's demands and fulfill all our contractual obligations in the best possible manner. Effective communication with client is of utmost importance for us. This helps to build up mutual understanding , which in turn could lead to achievement of desired results.

Establishing good relationship with general public and local populations also plays an important role in our successful running of the operations. In this regard OEOC is benefiting from presence of site administrators with years of experience in dealing with local issues and concerns.