Iranian Sepehr Energy to Replace PGNiG for Lavan Project

The National Iranian Oil Company (NIOC) has chosen Iranian Sepehr Energy to develop the Lavan gas field in the Persian Gulf.

Last week, the NOIC had dropped PGNiG from Lavan gas field development project for repeated delays.

NIOC and PGNiG were in talks for four years to sign a deal, worth $5-7 billion, to develop the Lavan gas field, but the Polish company had repeatedly put off the final agreement.

Currently, the early production plan of Lavan gas field with the capacity to produce 7-8 million cubic meters of gas per day is operational and the extracted gas is being used as the feed for Reshadat, Parsian and Salman platforms as well as Lavan oil refinery.

The development plan is aimed to produce 30 million cubic feet of natural gas per day from the field.

The offshore Lavan natural gas field has reserves of around 9.5 trillion cubic feet.