BAKU, Azerbaijan, February 7. Iran is currently conducting feasibility studies on the establishment of the 2nd, 3rd and 4th phases of the Kish gas field in the Persian Gulf in Iran’s Hormozgan Province, Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojasteh Mehr said, Trend reports citing the NIOC’s website.
“After the studies are completed, the construction of the offshore platforms will begin. In the next 4 years, the 2nd, 3rd and 4th phases of the Kish gas field are planned to be commissioned. The pipelines to be installed in the gas field will be produced by local Iranian companies, and there is no longer dependence on foreign companies in this field,” the deputy minister said.
Khojasteh Mehr added that Iran's daily gas production capacity from the Kish gas field will be 120 million cubic meters after the mentioned phases are launched.
Iran's Kish gas field contains 55.5 trillion cubic feet (about 1.57 billion cubic meters) of gas and 514 million barrels of gas condensate. The field can produce 38.3 trillion cubic feet (about 1.08 billion cubic meters) of gas.
According to the plan for the development of this field, the 1st phase will produce 1 billion cubic feet (about 28.3 million cubic meters) of gas per day.
The CEO also pointed out that at present, Iran's gas production capacity is more than 1 billion cubic meters per day. Until March 21, 2029, the country's gas production capacity is planned to be increased by 500 million cubic meters.
Khojasteh Mehr stressed that the largest gas field in the world is the South Pars gas field. Half of Iran's gas reserves are in this field. Currently, Iran produces rich gas from 400 wells in the field. The mentioned field provides 70 percent of Iran's gas production.
The South Pars gas field (called North Dome in Qatar) is a joint gas field between Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.
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