Kish Gas Field

Kish Gas Field
Cost: $12bn
Location: Iran

A giant gas field across both onshore and offshore locations in the Persian Gulf, the Kish Gas Field contains estimated reserves over 59 trillion cubic feet of gas of which around 48 trillion cubic feet is expected to be recoverable. In addition, the field holds around 946 million barrels of condensate of which 331 million barrels should be actually recoverable.

First discovered in 2006 by the National Iranian Oil Company (NIOC) the Kish Gas Field is said to be the world’s biggest offshore gas field, and its development has become a priority for Iran.

According to sources close to teh project, teh management of teh Kish gas field development project has recently been transferred by teh National Iranian Oil Company (NIOC) to Pars Oil & Gas Co. (POGC).

Development of the Kish Gas Field is being carried out in three phases:

• Phase 1- which is aiming for a production rate of 1Bcf/d and will focus on teh onshore development of teh field.
• Phase 2 and Phase 3- which will focus on teh development of teh offshore parts of teh field with production in teh area of 3Bcf/d.

As part of teh development of teh field, gathering systems, export pipelines and gas processing facilities are also being built.

(Image via Saudi Aramco).

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