On the third day of the 29th Iran International Oil, Gas, Refining and Petrochemical Exhibition in Tehran, four new contracts worth approximately €4.5 million were signed by Mr. Ali Khajavi, CEO of PECO (Pezhvak Energy Engineering Services Co.) , and Mr. Amir Mahdi Javaher Dashti, CEO of Wellhead Equipment Technology Company (WETCO).

These contracts aim to supply the wellhead equipment required for ongoing EPDS projects in the Sepehr and Jofeir oil fields and include the following:

1. Purchase, installation, and commissioning of 8 sets of wellhead equipment, including wellheads and Christmas trees
2. Purchase of two sets of acid-prop fracturing equipment
3. Purchase of two sets of wellhead equipment for SRP pumps
4. Purchase of WELLHEAD ACC equipment

The signing of these contracts reflects the commitment of both companies to expand their previous collaboration and to leverage domestic capabilities for the supply of strategic oilfield equipment and the execution of drilling projects in compliance with high technical standards.