Kish gas Field is a giant gas field close to Kish Island in the Persian Gulf.
It is one of the NIOC Recent Discoveries which was discovered in 2006 and holds 66×10 12 cu ft (1,900 km3) of gas in place of which 50×10 12 cu ft (1,400 km3) is recoverable.[1] The field also holds at least 1 billion barrels (160,000,000 m3) of condensate of which at least 331 million barrels (52,600,000 m3) are recoverable.[2]
The field gas is sweet, it contains 50-80 PPM hydrogen sulphide. The field has the potential of producing 4000 million cubic meters of natural gas per day.[citation needed]
In February 2010, an Iranian consortium headed by Bank Mellat signed a $10-billion agreement with the National Iranian Oil Company (NIOC) to develop the Kish gas field. The gas field will produce 85 million cubic meters of natural gas per day[3]