On the last day of the 26th Iran Oil Show, Paya Petro Technology and IOOC (Iranian Offshore Oil Company) (The 2^nd biggest NIOC subsidiary in terms of oil and gas production) signed an MOU for offshore well testing operation with VG MPFM technology. The agreement was signed by two company CEOs at IRAN oil show exhibition on Monday, May 16^th, 2022.

According to the agreement, PETROYATECH will commission newly developed VG MPFM to measure production flow rates at nominated offshore platforms. VG MPFM will offer a remote access option for the client to monitor the well fluid rates in unmanned platforms.