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 GoKish -> News -> Omanis will come to Iran for the development of Kish gas field
Omanis will come to Iran for the development of Kish gas field
A company from Oman has expressed interest to develop the Kish gas field and is coming to Iran next month for negotiations. The production value of the gas field in the first phase is one billion and 200 million dollars per year, and over three billion and 600 million dollars in total for all three phases the capital turn rate is the equivalent of 40 percent. The Kish gas field has 48 thousand billion cubic feet of in-place gas and it is forecasted that 60-100 million cubic metres of gas per day will be exploited, for which 10 wells on land and 15 wells offshore will be drilled. Also, investors from India and China will be coming to Iran in May to discuss investment in Iran’s oil industry. According to this report, the Chinese company NOOC is expected to take part in these discussions regarding the North Pars field. The Turkish Butash company is also interested in investing in phases 22, 23, and 24 of South Pars and is scheduled to hold talks in Iran to discuss the details of cooperation between the two countries.
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