Iran’s Kish Gas Field Project Commissioned : Pars Oil and Gas Company has been commissioned to develop the second and third phases of Kish Gas Field, the second largest in the Persian Gulf after South Pars, the managing director of the company said.

“Proposals for the development of the field were studied by the Oil Ministry and POGC was assigned to develop the field to produce on completion 85 million cubic meters of natural gas per day,” the National Iranian Oil Company’s news portal quoted Mohammad Meshkinfam as saying.

Some foreign firms and other domestic companies were also interested in the Kish project, he said. As the world’s fifth biggest offshore gas field, the Kish reserves were discovered in 2006 and is believed to hold an estimated 1.9 trillion cubic meters of natural gas in situ of which 1.4 trillion cubic meters are recoverable. It also contains more than 500 million barrels of gas condensates.

Located 30km east of Lavan Island, the giant gas field’s development plan includes three phases.

In the first phase, being developed by Iran’s Petroleum Engineering and Development Company (PEDEC), 13 wells have been drilled but production has not begun.

“The project has made 85% progress since work started in 2012,” he said, adding that the rest will be undertaken by POGC. According to the POGC boss, special pipes using corrosion resistant alloys (CRAs) have been used for the field.

CRA pipelines are widely used in the petroleum sector, but they cannot be produced by domestic companies and are imported from a number of foreign firms namely Spain-based industrial group Tubacex or Japan’s JFE.

The field will have a 70% extraction rate in the first phase and produce 30 million cubic meters of natural gas and 11,300 barrels of gas condensates per day, Meshkinfam said. Unlike South Pars (shared with Qatar), Kish is fully inside Iranian maritime borders near the Strait of Hormuz. Given its strategic location, it is being seen as a major gas hub in the oil-rich region. Source: Financial Tribune