Oil Industries Commissioning and Operation Company
Oil Industries’ Commissioning and Operation Company (OICO; Sherkat-e Rāhandāzi va Bahrebardāri-ye Sanāye-e Naft) is an Iranian company in the field of Oil & Gas which is incorporated to manage and execute commissioning and start-up, operation, maintenance and training courses for oil, gas and petrochemical industries. OICO was established in 2011 as a private joint-stock company in Tehran. The company is wholly-owned by and is a subsidiary of “Oil Industries Engineering and Construction” (OIEC) group and Oil Industry Pension Fund Investment Company (OPIC). OICO invest in the area of training and human resources development, maintain qualified and skillful expert and relies on them to execute pre-commissioning, commissioning, start-up and performance test of oil, gas and petrochemical projects up to the client handover. History The changing nature of oil, gas and petrochemical industries and the added complexities of new projects, compel Iranian companies to upgrade their capabilities and acquire new and systematic approaches to ensure the successful implementation of their projects. On the other hand, necessitate the adaptation of new approaches in management, construction, pre-commissioning and commissioning aspects of oil, gas and petrochemical projects. Prior to establishment of OICO, OIEC executed commissioning and start-up activities in the South Pars gas field development