Iran developing 16 offshore H/C fields on Qeshm Island

The Iranian Offshore Oil Company (IOOC) is developing 16 offshore oil and gas fields in southern Iran in a bid to turn the Persian Gulf island of Qeshm into an energy hub, an IOOC official says.

Heydar Yarveisi said on Sunday that the development of hydrocarbon reservoirs is also meant for generating 12,000 megawatts of electricity in the island.

The most important of the fields undergoing development is Forouz B gas field which is estimated to hold 28 trillion cubic feet (tcf) of gas and 180 million barrels of in-place gas condensate.

“In the first phase, the gas production ceiling from Forouz B field is projected to reach one billion cubic feet with nearly 10,000 barrels of gas condensate a day. Moreover, the field is forecast to produce 1.49 million tons of gas liquids a year and 466 tons of sulfur a day. This volume of gas will allow the generation of up to 6,000 megawatts of electricity for domestic consumption,” said Yarveisi, who oversees development projects in Qeshm.

Meanwhile, a refinery is also under construction in Qeshm with a daily production capacity of 80 million cubic feet of gas.

Qeshm Island sits atop of over four billion barrels of oil and 10 tcf of in-place gas.

By Press TV


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