Seyed Mahmoud Mohaddes told Petroenergy Information Network that if every cubic meter of gas is valued at 2.5 cents and every barrel of gas liquids of the field is worth over 30 dollars, then total products of the field are estimated to be worth over 30 billion dollars. He said recovery factor of Kish field stands at 75 percent and exploitable gas of the field has been estimated at 36 trillion cubic feet (1,020 billion cubic meters). “According to available information, in place gas liquids of Kish gas field are about 514 million barrels and at a recovery factor of 35 percent, about 180 million barrels of it will be exploited,” he noted. Mohaddes stated that studying various layers of the reservoir has revealed that the field enjoys 48 trillion cu. ft. (1,360 cu. m.) in place gas, adding, “Daily production of the field will be about 3.5 billion cu. ft. or 100 million cu. m. per day.” He said Kish fields gas contains 50-80 PPM hydrogen sulfide and its degree of sourness is very low. National Iranian Oil Companys director of exploration noted that Kish anticline was studied geologically a long time ago, but a big old fault in the region had created great dislocation which caused experts to be doubtful about drilling there. “Therefore, we carried out seismographic operational around Kish Island and the results showed that Kish anticline is intact and risk of exploration in that region is not high. Therefore, due to high demand for gas in Kish Island, we decided to drill the field and exploration operations began,” he said. The official stated that the drilling site is located 3 km southwest of Kish airport and the road to the field has been constructed in cooperation with Kish Free Zone Organization. “Drilling an exploration field has been done to a depth of 4,400 m. drilling at that depth as well as in various layers have produced good results,” he said.