Baku, Azerbaijan, Feb. 8
By Fatih Karimov – Trend:
The National Iranian Oil Company (NIOC) signed a memorandum of understanding with Malaysia's Bukhary International Ventures(BIV), to study two gas fields in Iran.
The deal was signed by Gholam Reza Manouchehri, deputy head of the NIOC and Shamsul Azhar bin Abbas, head of the BIV on Feb. 8 in Tehran, Shana news agency reported.
Under the MoU, the Malaysian firm will undertake studies in Iran’s Ferdowsi and Golshan gas fields and will submit its feasibility studies to the NIOC within seven months.
The reserve at the Golshan gas field, located at approximately 180 km south east of Bushehr, 65 km offshore the Persian Gulf, is estimated more than 50 trillion cubic feet of gas and it is expected to produce 2.5 billion cubic feet of natural gas per day.
The Ferdowsi gas reserve is estimated at around 10 trillion cubic feet and it would produce more than 880 million cubic feet of gas on a daily basis.
Manouchehri said that the BIV will study gas extraction from the fields and its transfer to onshore to convert to LNG.
He further said that the fields also posses very heavy crude oil, adding that Iran has never extracted this type of crude oil so far.
Manouchehri said that the signed MoU follows a deal that was made in 2007 with Malaysia's Bukhary group in 2007.
In December 2007, Malaysia’s SKS signed a preliminary agreement with NIOC to develop the Golshan and Ferdowsi gas fields and construct a plant to produce LNG from them.
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