Baku, Azerbaijan, Aug. 27
By Khalid Kazimov -- Trend:
North Pars, Golshan, and Ferdowsi gas fields as well as the oil layer of the South Pars are going to be introduced along other Iran petroleum contract (IPC) offers for foreign investment by Iran.
These will be presented during a conference in London, UK where the Iranian Oil Ministry is going to introduce oil and gas contracts to foreign investors, CEO of Pars Oil and Gas Company Ali Akbar Shabanlu said.
He also added that since two Iranian companies have announced readiness to drill Phase 11 of the South Pars field, this field has been taken off Iran's offered package, SHANA news agency reported August 26.
Golshan gas field is situated 180 kilometers to the south of the city of Bushehr by the Persian Gulf. It contains over 1.4 trillion cubic meters of gas in place.
Ferdowsi gas field is also close by, situated 30 kilometers to the west of Golshan.
The world's largest gas reserve, the South Pars is shared by Iran and Qatar. Iran's part of the field holds 13.3 trillion cubic meters of gas in place and 19 billion barrels of oil condensates, of which 9 billion barrels is extractable.
Edited by CN