On 26th December 2007, a Buyback Contract for Development of Golshan Gas Field was signed between the National Iranian Oil Company (NIOC) and Malaysian SKS International Oil & Gas Co. The duration of the contract will be 66 months.
Golshan Gas Field is located approximately 65 KM, southwest of Iranian Coasts in the Persian Gulf.
The Buyback Contract was endorsed by NIOC Board of Directors on 1st January 2008, effective on the same date.
The main objectives of Golshan Gas Field Contract are as follows:
A- Full development plan for the gas fields as per approved Master Development Plan (MDP) including:
Drilling of 22 production wells
Installation of 2 offshore gas production platforms
Installation of two 32-inch sub-sea pipelines for transfer of gas to the onshore facilities
Installation of two 4.5 inch sub-sea pipelines piggybacked on the 32-inch sub-sea pipeline for carrying MEG from the offshore processing unit to the production platform
Installation of onshore gas processing plant (west of Dayyer Port) and support facilities including gas/carbohydrate liquid separation unit as well as stabilization of gas condensates and export of LPG and gas condensates
Sweetening and dehydrating of gas transferred to onshore processing plant, Production, solidification and export of sulfur
Production of SBM and jetties for export of gas condensates and LNG,
B. Achieve approved MDP goals including:
production of 2,000 MMscfd gas in Golshan Gas Field to supply
feedstock for 2 operational units in the LNG production project,
C. Achieve gross costs estimated for development of Golshan Gas Field for approximately EUR 6 Billion.