Baku, Azerbaijan, Oct.7
By Fatih Karimov - Trend:
The National Iranian Drilling Company has drilled 13 new wells at the Kish gas field located in the Persian Gulf, Iran's IRNA news agency reported on October 7.
The Kish gas field is the largest non-shared natural gas field in the country.
The field is projected to yield 85 million cubic meters of natural gas and 30,000 barrels of gas condensates per day.
The managing director of Iran's Petroleum Engineering and Development Company (PEDEC), Abdolreza Haji Hosseinnejad, said on May 28 that the country plans to start production of one billion cubic feet of gas at the field by November 2015, Iran's IRIB News Agency reported.
"A comprehensive development plan has been envisaged for the field," he said, adding that the project is underway according to the plan.
"A consortium consisting of domestic banks and private companies is in charge of developing the downstream sector of the field," Hosseinnejad added.
The development plan of the Kish gas field started in 2007. The field holds around 66 trillion cubic feet of in-situ gas and 514 million barrels of condensates.