The Iranian Central Oil Fields Company (ICOFC) has pitched a new investment package worth over $5.5b to potential investors.

The package includes construction of new gas pressure stations at Kangan, Homa, Varavi, Nar and Sarkhoun fields, said Director of Planning at ICOFC Shahryar Aghaei.

Aghaei added that developing Halegan, Sefid Zakhour, Sepid Baghoun, Dey, Madar, Aghar, Tabnak, Pazan, Khatang and Gordan gas fields are also included in the package.

Other ICOFC projects seen in the package are development of Aban, Paydar, West Paydar, Danan, Cheshmeh Khosh, Dalperi, Naft Shahr, Soumar, Dehloran and Khayyam oilfields.

He said the project to design, construct and install the processing units of the gas section of Farashband Gas Refinery for refining 20 mcm/d of natural gas from Aghar Gas Field has made 30% progress so far, adding another project the company is engaged with is a plant to collect associated gases and their injection to Cheshmeh Khosh oilfield which has made "considerable" progress so far.

The ICOFC official also said that appraisal studies over construction of pressure stations at Homa field are being carried out, adding the project is aimed at maintaining production of 18 mcm/d of gas from the field in summer and production of 22 mcm/d of gas in winter.