EghtesadOnline: Drilling in Kish Gas Field, the Persian Gulf’s second largest gas field after South Pars, has made 85% progress, deputy chief of the National Iranian Drilling Company (NIDC) said on Wednesday.
“Drilling at 14 wells at the offshore Kish field, including a newly-drilled well, has made 85% physical progress,” Mohammadreza Takaidi was quoted as saying by the official portal of the National Iranian Oil Company on Wednesday.
According to Takaidi, special pipes using corrosion resistant alloys (CRAs) have been used for the development of the gas field.
CRA pipelines are among widely-used equipment in the petroleum sector that cannot be produced by domestic companies, Financial Tribune reported.
Discovered in 1968, Kish gas field is located 30 kilometers east of Lavan Island off the Persian Gulf. The field holds an estimated 1.3 trillion cubic meters of natural gas in place and more than 500 million barrels of gas condensate, an ultra light grade of oil.
The drillings at Kish field are expected to be completed by March 2018, end of the present fiscal year.
Takaidi added that operations for the field’s second development phase, which include both offshore drilling and onshore construction, could begin concurrent with the first phase.
Noureddine Shahnazizadeh, chief executive officer of Iran’s Petroleum Engineering and Development Company (PEDEC), said in March that energy giant Royal Dutch Shell could win a contract to develop the Kish field.