According to Asia Pulse Pte, Iran's Oil Minister Masoud Mirkazemi said on Sunday that a major gas field, Khayyam, has been discovered in the southern Iranian oilfield of Assalouyeh. It is estimated to earn US $50 billion at current prices.
The minister told reporters that the gas field is located in the east of Assalouyeh, opposite to Lavan Island and on the Persian Gulf on shore.
The in-place capacity of the gas field is 260 billion cubic meters and 80 percent of its reserves can be exploited, Mirkazemi added.
He noted that if the 18 to 21 rigs are dug for exploiting gas, a total of 24 million cubic meters of gas per day can be exploited, according to expert studies.
The value of the Khayyam gas field, with a capacity of 220 barrels of exploitable gas liquids, is about $50 billion, the oil minister further said.
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