Iran prepares to launch offshore Tousan oil development

Kish Oil Co. and the Iranian Research Institute of Petroleum Industry (RIPI) are expected to finalize a development plan next month for the offshore Tousan oil field.

Offshore staff

TEHRAN, Iran – Kish Oil Co. and the Iranian Research Institute of Petroleum Industry (RIPI) are expected to finalize a development plan next month for the offshore Tousan oil field.

According to Mahmoud Zirakchianzadeh, managing director ofIran’s Offshore Oil Co. (IOOC), the plan is to deliver production of 7-10,000 b/d of oil under a first-phase development, eventually building to 25,000 b/d. There will be four wells, one offshore platform, and a 30-km (18.6-mi) pipeline transporting production for treatment onshore.

Zirakchianzadeh, speaking to news service Shana, added that the buyback contract for the field will be implemented within 36 months, with Sazeh Co. responsible for facilities design.

Tousan, discovered by Petrobras, is southwest of Qeshm Island in the Persian Gulf, and extends to Iran’s maritime border with the United Arab Emirates. It holds reserves of around 400 MMbbl, with 25% considered recoverable.

IOOC plans to develop the Qeshm region into an oil and gas hub via construction of infrastructure to support development of the offshore Hengam, Tousan, Northwest Tousan, Taftan, Hormozha, Gorzin, Salkh, Dostko, and Forouz A and B fields.

7/17/2013

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