The National Iranian Oil Co. (NIOC) signed a $1.78-billion contract with Petropars Group to develop Farzad B gas field in the Persian Gulf.
The target of the buyback contract is to produce 28 million cu m/d of sour gas over 5 years. Gas will be transferred to the onshore facilities of Pars 2 Region in Kangan for processing. Gas condensate will be separated and transferred to South Pars refineries of Phases 12 and 19 for stabilization.
According to news service Shana, the contract entails drilling eight production wells; construction and installation of two main and secondary wellhead platforms; construction of liquid separation infrastructure on the main platform, construction of a 36-in., 230-km offshore pipeline; construction of a 10-in., 230-km offshore pipeline; construction of a 20-in., 3 km pipeline connecting the 3 platforms; construction of offshore infrastructure including receiving equipment for the produced sour fluid and condensate separation, along with ancillary infrastructure and onshore pipelines for the transfer and distribution of sour gas and condensate.
Pars Oil and Gas Co. estimates the field to contain 23,000 bcf of gas, with 5,000 bbl of condensate per bcf.
Farzad B lies in the Farsi block on the border between Iran and Saudi Arabia, about 20 km from Farsi Island.
