Project Profile
Value: US$450 million
Location: southwest of Qeshm Island in the Persian Gulf
Reserves: 400 million barrels
Production: 7-10,000 bpd of oil under a first-phase development, eventually building to 25,000 bpd
Length: 30 km pipeline
Kish Oil Co. and the Iranian Research Institute of Petroleum Industry (RIPI) are expected to finalize a development plan for the offshore Tousan oil field. Iran’s Offshore Oil Co. (IOOC), the plan is to deliver production of 7-10,000 bpd of oil under a first-phase development, eventually building to 25,000 bpd. There will be four wells, one offshore platform, and a 30-km pipeline transporting production for treatment onshore. 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 million barrels, 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.
Operators:
Iran’s Offshore Oil Co. (IOOC): Operator
Kish Oil Co.