Iran looking to develop Foroz
Iran has discovered a new gas/liquids field in its sector of the Persian Gulf.
TEHRAN-- Iran has discovered a new gas/liquids field in its sector of the Persian Gulf.
Petroleum Minister Dr. Seyed Masoud Mirkazemi said the Foroz discovery is 30 km (18.6 mi) southeast of Kish Island.
He estimated the field’s in-place gas reserves at over 700 bcm (24.7 tcf), and in-place liquids at around 288 MMcm (1.8 MMbbl).
According to a report by Iranian news service Shana, a development could potentially deliver 70 MMcm/d (2.47 tcf/d) of gas.