Local Firm Wins IPMA Award for Project Excellence

Date: 24 September 2021 - 21:50

News ID: ۹۴۷۴۱

TEHRAN (Shana) -- The Iranian developer of Azar joint field development project won the IPMA Global Project Excellence Management Award in the mega projects section of the award.
Sarvak Azar Engineering and Development Company (SAED), owned by the Petroleum Retirement Funds, which develops the Azar joint field as one of the most complex oil fields in the country, won the gold medal in IPMA Global Award for Project Excellence Management.
According to the company, after two decades of efforts by top Iranian projects to win the Global Project Excellence Award, which is held annually by the IPMA International Institute in different parts of the world, at the IPMA Global Award 2021 hosted by Russia in St. Petersburg, the Iranian company Sarvak Azar Engineering and Development Company (SAED), became a finalist after IPMA
( International Project Management Association) evaluation courses.
The most important part of the world award was in the field of mega projects, and in intense competition with Finland and India, SAED won the gold medal.
Achieving a gold medal in this global competition has been achieved by SAED, a development company active in the upstream oil sector, on the grounds where the oil industry has been able to show a defensible performance in one of the most complex oil fields in the region and the world, despite Iran facing harsh sanctions.
This year, evaluation of various international projects based on the IPMA PEB model was carried out virtually by 6 international evaluators from Poland, the United Kingdom, the Netherlands, Kazakhstan, Nepal and China.