SHERKAT SANAYEA FARASAHEL (SAFF) - Offshore Industries Company (PJS) - established in 1993, is a leading general contractor and project operator in the oil, gas and petrochemical industries in the Persian Gulf and Caspian Sea with special emphasis on emerging international markets.

Based on its financial strength, experienced man power, up- to- date technical know-how of management, engineering, procurement, construction, transportation, installation, commission and start-up of offshore and onshore projects and with the help of its associated companies, SAFF offers a comprehensive range of above services in the form of EPCI, MC, GC and finance contracts and aims to consolidate the position in its home and Middle East market by strengthening its technological and project management base.

In line with the requirements and goals of the Iranian ministries of oil and gas and industrial market, specially the Persian Gulf region, SAFF established a fabrication yard in Bandar Abbas Special Economic Zone, fully equipped with cranes, machineries, industrial equipment, welding machines, different shop facilities, heavy assembly and load-out areas to ensure effective performance and increase the efficiency of process management.

History

In response to the dynamic growth of the oil and gas industry in the region, related knowledge management and technology transfer to expedite the development of oil and gas fields, and to develop the required expertise's, knowledge and skill, SAFF was established as GC, EPCI and management contractor to execute related projects in the field of project management, engineering, procurement, construction, transportation, installation, commissioning and start-up activities.

At present SAFF is engaged in a variety of offshore and onshore projects. The company uses its offshore yard in Bandar Abbas Special Economic Zone for the construction of heavy offshore structures. This yard is the biggest fabrication yard in Iran. Enjoying modern equipment and facilities, the yard is capable of fabricating 45,000 Tons of steel structures per year.

SAFF utilizes its fleet of crane barges and tugs for installation of aforesaid facilities. SAFF oil and gas division involves in the management and implementation of oil and gas projects, such as construction and installation of fixed offshore structures, drilling jack-up rigs, sub sea pipelines, as well as sub sea surveying of marine structures and pipelines.

At balance sheet date, the shares of SAFF were held by 306 individuals and 6 companies. The companies are Ayandehsaz Social Welfare Fund, Industrial Development and Renovation Organization of Iran (IDRO), Iran Marine Industrial Company (SADRA), Qeshm Offshore Free Ports and Industries (SABA), Offshore Installation Contractor (SADAF) and Energy Insurance Services Company and each own between 6% and 51 % respectively.

Vision, Mission and Strategy

Vision

Our vision is to deliver world class performance and emerge as the biggest EPCI and MC contractor in oil, gas and petrochemical industries in the region, using international best practice.

Mission

1) Execution of GC / EPCI and MC contracts for various types of offshore / onshore projects in the field of:

•    oil, gas and petrochemical industries
•    Upstream projects
•    Downstream projects
•    Offshore heavy structures
•    Sub-sea pipeline
•    Pipe laying  and pipe coating
•    Ports, harbor and onshore facilities
•    Construction, maintenance, refurbishment and renovation of heavy structures such as jack-up, semi-submersible and drilling rigs

2) Provision of transportation / installation services in the form of complete packages for all local / foreign contractors / clients

3) Provision of management services, mostly in the field of:

•   Feasibility studies
•    Investment consultancy
•    Project management services
•    Basic detailed engineering
•    Procurement services
•    Financing services
•    Business development and marketing
•    Creating a value chane through specialized affiliated companies

Strategy

•    Customer focus
•    Continual improvement
•    Effective planning of processes
•    Resource management and enterprise resource planning
•    formalizing and documenting all key business processes
•    Training and improvement of technical know-how
•    Establishing self-checking / cross-checking systems within the main process
•    Performing periodical audits to guarantee the monitoring / controlling stage
•    Risk management
•    Commitment to maintaining the appropriate controls required for ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999
•    Optimization of management processes
•    Improvement of construction productivity rates
•    Leadership and effective management of project life cycle stages
•    Establishment of electronic protocols for the procurement phase such as FTP system and reverse auctions
•    Usage of high tech engineering software in the design / engineering phase
•    Project management based on the requirements of PMBOK 2004
•    Suppliers, vendors and consultants selection, evaluation and re-evaluation mechanisms to ensure consistency with SAFF strategies
•    Establishment of procurement service companies outside Iran to avoid delays and minimize the risks of unexpected procurement problems
•    Establishment of financing organizations to reduce financial risks
•    Periodical risk assessment and gap analysis to mitigate threats and weakness and maximize opportunities and strengths
•    Performing value engineering, reverse engineering and concurrent engineering