Iran Starts 2nd Phase of WRFM Center
The unveiling ceremony of the second phase of the Pasargad Well, Reservoir and Surface Facilities Management Center (WRFM) was held on the sidelines of the International Oil, Gas, Refining and Petrochemical Exhibition in Tehran in the presence of Iranian Vice-President for Science, Technology and Knowledge-Based Economy Hossein Afshin.
“We are happy to inaugurate the second phase of the WRFM, which is the comprehensive well, reservoir and surface facilities management system,” Afshin said, addressing the ceremony.
“Last winter, we opened the BI section, which means business intelligence, and we promised that AI would be added to it by this year's exhibition. Of course, we need data for AI, and data must be aggregated,” he added.
In 2020, Ernst & Young (EY) conducted an opinion poll about investment by oil and gas companies in AI, whose results were interesting. The survey showed that 92% of respondent oil and gas companies had either already invested in AI or had planned to do so by 2022. According to this survey, about 50% of oil and gas industry managers use AI to overcome challenges in all their organizational processes in a bid to optimize their processes and reduce their costs.
Construction of the first WRFM in Iran started in February 2024. It was launched in January 2025 as the first center in the upstream oil and gas sector.
Pasargad Energy Development Company (PEDC), an Iranian energy holding, recently managed to launch the first phase of Well, Reservoir and Facility Management (WRFM) in the upstream oil and gas sector by spending $10 million.
PEDC’s WRFM is a management and technological structure in the upstream oil and gas sector. It uses a variety of tools, supervision and transmission operations, data analysis, and intelligent data processing for online management of operations pertaining to wells, reservoirs, and facilities.
WRFM is fitted with modern technologies including advanced sensors, data management systems, AI, and online data analysis in a bid to provide comprehensive data on the status of wells, flow of reservoir, and performance of facilities.
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