Drilling operations in Kish gas field is going on schedule, National Iranian Drilling Company (NIDC), managing director, Haidar Bahmani said.
Speaking to Shana, Bahmani described drilling operations in Kish gas field as one of most important ongoing projects of NIDC adding drilling is underway by NIDC in the form of an EPC contract.
Expressing satisfaction with high speed of operations, the official said drilling of developmental wells in B Cluster of the field would be finished before the end of current Iranian calendar year on 20 March 2013.
Referring to NIDCís projects, Bahmani cited to construction of roads and supplying water as the reasons behind delays in implementation a number of ongoing projects.
Earlier, Iranian minister of petroleum, Rostam Qasemi, had stressed on importance of development of Kish gas field. Visiting the field, Qasemi said Kish gas field not only has the potential to meet domestic needs but its gas could be exported to other countries located in the Persian Gulf region.
Last year an agreement was signed between Petroleum Engineering And Development Company, on behalf of NIOC, as contractor on the one hand and a consortium consist of Nardis, Farab and Namvaran Companies on the other hand for construction of a gas processing unit as well as construction of pipelines needed for conveyance of the fieldís gas.
Almost 1.7 billion dollars contract is slated to be completed in a 42-month period. In situ gas reserves of the field are estimated at 66 trillion cubic feet and 514 million barrels of gas condensate while it is estimated 3 to 5 billion cubic feet of gas to be extracted from Kish gas field each day.