SHANA - The CEO of Pars Oil and Gas Company (POGC) said his company was officially awarded development project of Kish Gas Field.

According to POGC, Mohammad Meshkinfam said that the project was aimed at production of 85 mcm/d of natural gas from the field.

The field, located 30 kilometers off the eastern coast of Lavan Island, is estimated to hold 55 trillion cubic feet of in-place natural gas in its reserve

Pars Oil and Gas Company (POGC) is replacing Petroleum Engineering and Development Company (PEDEC) which developed the first phase of the project.