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November 23, 2021

Farzad A Conventional Gas Field, Iran

By Carmen

Farzad A is a conventional gas development located in shallow water in Iran and is operated by Iranian Offshore Oil. Farzad A lies in block Farsi, with water depth of around 295 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2026. The development cost is expected to be $3,000 m. The Farzad A conventional gas development will includes wellhead platform.

Field participation details

The field is owned by National Iranian Oil.


Production from Farzad A

Production from the Farzad A conventional gas development project is expected to begin in 2026 and is forecast to peak in 2027, to approximately 980 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.


Remaining recoverable reserves

The field is expected to recover 948.31 Mmboe, comprised of 5,689.85 bcf of natural gas reserves.


Contractors involved in the Farzad A conventional gas field

The key contractors involved in the Farzad A project as follows.

EPC Contractors: Sepehr Rosemond Engineering and Construction

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About Iranian Offshore Oil

Iranian Offshore Oil Co (IOOC), a subsidiary of National Iranian Oil Co, is an oil and gas exploration and production company. The company carries the activities of exploration, production and development of oil and gas fields. Its services include renovating and reconstructing the installations, improving the production methods and conservation of oil and gas reserves. IOOC also performs storage engineering, descriptive drilling and general engineering and construction activities. The company has operations across Bahregan, Kharg, Siri, Lavan, Qeshm, Kish in Iran. IOOC is headquartered in Tehran, Iran.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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