Ramezanzadeh said that geomechanics and its high contribution to generating value added is a newly launched approach in the country and holding the conference will lay the groundwork for experts and research and scientific centers to present their capabilities and take an essential step in the direction of offering services with higher level of value added.

According to him, growing consumption of hydrocarbon resources including crude oil as well as oil and gas derivatives have made paying attention to upstream sector developments necessary because ignoring new scientific and technological progresses and continuation of reliance on old approaches will damage the country.  

Geomechanical factors affect every part of the life cycle of an oil and gas reservoir. It is important to assess and manage these, from predicting drilling risks in the first well to maximizing recovery from mature assets.