The integrated development of the Azadegan Oil Field, one of Iran's largest oil fields, requires a significant investment of around $10.5 billion over five years. To finance this ambitious project, a consortium comprising seven banks and two exploration and production (E&P) companies was established. MAPNA Oil and Gas Development Company (MAPNA OGDC) holds a 3.6% share in this consortium. In 2024, MAPNA OGDC, alongside its subsidiary TEC, conducted the study for the Development and Production Operations Plan (DPOP) for the Azadegan Oil Field, marking a critical step toward its development.

The Azadegan Oil Field is located in the Dasht-e Azadegan region, approximately 100 kilometers west of Ahvaz. It spans an area of 20 by 75 kilometers and is adjacent to Iraq's Majnoon Field to the north. With an estimated 33 billion barrels of oil in place, the field represents a significant resource for Iran's oil industry. This comprehensive development plan aims to optimize production while addressing technical, logistical, and environmental challenges, ensuring the field's efficient and sustainable development.