ERHC Energy Inc (ERHE)

[RUBY1100]

Oil Exploration Operations Company (OEOC) BL 5
http://www.oeoc.ir/

Oil Exploration Operations Company (OEOC) is amongst the most experienced Iranian companies in the oil and gas industry who has completed many projects in hydrocarbon reservoir exploration operations.

OEOC has been a subsidiary of NIOC- Exploration Directorate; prior to the year 1999; and all its activities has been guided by that organization. In 1999 because of new government policy regarding separation of the management and the operating sections, the Oil Exploration Services Company was born, aiming at continuing specialized oil exploration operations with the help of its experienced and professional personnel as well as its modern equipment and machinery.

Since then, OEOC has been able to find its proper place in oil exploration industry by trying to achieve up- to -date knowledge of the modern Geophysical technology and upgrading its equipment. In April 2003, in an annual ceremony, and in harmony with the nature of its activities, the company changed its name to Oil Exploration Operations Company (OEOC). About 400 representatives of Iranian as well as foreign companies were present at the gathering and the speakers introduced the company and its activities since its creation.

OEOC has four different directorates, namely; Exploration operations, Technical operations, Financial and Non-industrial services directorates.