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Kish gas field development likely to go to Shell

Business Materials 18 January 2017 20:13 (UTC +04:00)

Tehran, Iran, Jan. 18

By Mehdi Sepahvand – Trend:

Iran is likely to hire Shell to develop Kish gas field, a giant field in the Persian Gulf, an unnamed source told Fars news agency January 18.

A contract to carry out studies in the field was signed between Iran and Royal Dutch Shell in early December 2016.

Kish field is a giant gas field close to Kish Island in the Persian Gulf. It is one of the National Iranian Oil Company’s recent discoveries and holds 66×1012 cubic feet (1,900,000 cubic meters) of gas in place, of which 50×1012 cubic feet (1,400,000 cubic meters) are recoverable.

The field also holds at least 1 billion barrels (160,000,000 cubic meters) of condensate, of which at least 331 million barrels (52,600,000 cubic meters) are recoverable.

The field’s gas is sweet; it contains 50-80 PPM hydrogen sulfide.

The field has the potential of producing 28 million cubic meters of natural gas per day, sources have said.

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