By OGJ editors
HOUSTON, Feb. 21 -- Gulfsands Petroleum PLC, Houston, has signed a memorandum of understanding with the Iraq Oil Ministry covering the Misan natural gas project in southern Iraq.
The project will entail gathering, processing, and transmitting associated natural gas from oil production in the region to end flaring. Gulfsands said Misan has the potential to produce up to 46,600 b/d of NGL and 338 MMcfd of dry, sweet natural gas.
Gulfsands, in cooperation with the Oil Ministry, has completed a feasibility study and expects to conduct further technical work and commercial discussions with the Ministry by the end of June.
The project will involve the engineering, design, procurement, construction, and operation of a gas gathering system, a natural gas liquids plant, and transmission pipelines. It will be completed in two phases, with Phase I to last 3 years and Phase II, 2 years.