Mesopotamia Petroleum Company was founded in 2005 as an oil and gas company established for the specific purpose of undertaking operations in The Republic of Iraq.

In its historic Joint Venture with the Iraqi Drilling Company (IDC), MPC and IDC agreed to form the Iraqi Oil Services Company (IOSCO) in order to operate drilling rigs in Iraq under contracts for drilling programmes in the oil fields operated by the state owned oil companies. MPC intends to supply IOSCO with the necessary integrated drilling and completion methods and technologies to substantially boost hydrocarbon production volumes.

MPC personnel bring to IOSCO a wide breadth of experience in the international petroleum industry, and its management has collectively been involved in oil and gas exploration, development, drilling, completion and workover throughout a wide range of geologic conditions. This experience includes operations in a variety of areas including the North Sea, the Central Asian Republics and South East Asia both off and on shore. It is the combination of this technical expertise and operational experience that have been the key reasons behind Iraqi Drilling Company seeking to partner with MPC in the formation of IOSCO.