Qeshm Gas Refinery Launch by March

Qeshm Gas Refinery Launch by MarchQeshm Gas Refinery Launch by March

Underscoring the daily processing capacity of the complex, which stands at 2.2 mcm, the official said, “Pipe-laying operation and refining units’ installation have already been undertaken. It is predicted that the refinery will become operational by the end of the current Iranian year (March 19, 2016) unless the much-needed funds are not allocated.”

Referring to Gourzin refinery and gas desalting complex managed by IOOC since last August, Owji said Gourzin gas refinery has a capacity of processing 2 mcm of natural gas per day.

“Two new development wells have been drilled in Gourzin Gas Field,” he said, noting that as soon as gas pipelines are in place, the new wells will become operational and gas output in Gourzin facilities will experience an increase.

Asked about different scenarios to use the gas produced in the new Qeshm refinery, the official said the first plan would be to transfer the gas to Bandar Abbas through a new pipeline to be linked to Iran’s Gas Trunkline—aka IGAT. The second plan is to utilize the gas in newly established industries in Qeshm.  

“In case the second plan is approved, grounds will be paved to build compressed natural gas stations on the island,” he said.

Pointing to the capacity of daily gas output from Hengam Oilfield, which stands at 39 mcm, Owji said, “Based on feasibility studies, it is predicted that oil and gas production from the field can continue for more than 30 years.”

On gas development projects in Salakh Gasfield, the official said, “Repairing two wells in the field is high on the agenda and operation will commence as soon as an offshore rig is dispatched to the region.”

Heydar Yarveisi, director of Qeshm operational zone in IOOC, said infrastructures have been prepared for the development of Towsan, Northwest Towsan, Taftan, Hormuz, Gourzin, Salakh, Forouz A and B hydrocarbon fields.

With regard to the development of Towsan Oilfield, the official said four wells will be drilled and one offshore platform will be installed once financial constraints are removed.

Qeshm is estimated to sit atop more than 4 billion barrels of oil and 283 billion cubic meters of gas in place. It can become the energy hub in the Persian Gulf and serve as the largest producer of oil, gas and electricity.

Numerous hydrocarbon fields, the strategic Strait of Hormuz, proximity to Oman, connection to national electricity network and access to Central Asia markets are among advantages of Qeshm to become a center for exporting oil, gas and petrochemical products.

According to Saeed Hafezi, Iranian Offshore Oil Company’s managing director, negotiations are underway with Oman to develop the joint Hengam Oilfield.

The official believes cooperation with the neighboring country will lead to a remarkable increase in oil and gas extraction from the hydrocarbon reserves.

Mohammad Hossein Daneshfar, a senior official at IOOC, said plans have been made to develop the oil and gas fields of Qeshm Island and turn it into an energy hub within 10 years.