NIOC Commences Farzad B Gas Field Development Operations

Sour gas from the Farzad B Gas Field will be transferred to Kangan Petro Refining Company in Bushehr Province to be processed and piped to refineries in the South Pars complex in Asalouyeh
NIOC Commences Farzad B Gas Field Development Operations.....Operations to develop the Farzad B Gas Field in the Persian Gulf have started, the managing director of the National Iranian Oil Company said.

“The first phase of the development plan that entails the construction of a jacket is estimated to cost $2 billion, which will be completed in 2024,” Mohsen Khojastehmehr was also quoted as saying by ILNA.

To expedite the operations, domestic firms, including NIOC, Petropars Group and Iranian Offshore Engineering and Construction Company, signed a trilateral contract on May 20 in Tehran, he added.

As per the deal, IOEC has started to build the jacket platform of the gas field and it will be installed at the location by December 2024.

According to Khojastehmehr, the venture will raise natural gas output to 28 million cubic meters per day by 2026 from the present 5 mcm/d.