• Jan 1 2023 - 11:50
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ICOFC to invest €22 million to Reconstruct Nar Gas Pressure Station

The signing ceremony for reconstruction of Nar gas pressure station with an investment value of 22 million Euros was held between Iranian Central Oil Fields Company (ICOFC) and Oil Turbo Compressor Company (OTC) in Shiraz.

 

The signing ceremony for reconstruction of Nar gas pressure station with an investment value of 22 million Euros was held between Iranian Central Oil Fields Company (ICOFC) and Oil Turbo Compressor Company (OTC) in Shiraz.

Eng. Heidari, CEO of ICOFC was quoted by public relations as saying that once the project of reconstructing Nar gas pressure station, including new equipment replacement and installation, is done, pressure and recovery rate of the aforementioned field will increase from 20 to 83 bar and 68 to 87 percent respectively.

He added: “With the implementation of this project within a period of 18 months, the daily gas and gas condensate production capacity of this field will be stabilized at 18 million cubic meters and 3,000 barrels respectively”.

Nar gas field is one of the fields located in Nar & Kangan operational region under South Zagros Oil and Gas Production Company.

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  • News code : 15486
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