Swan Energy has informed that the Company has signed a MOU with Petronasr and Alpha Energy for the development of Sephied Baghun gas field, which has approximately 20 tcf reserves, in the Islamic Republic of Iran by constructing necessary on-shore surface facilities and offshore gas liquefaction facilities (OLNG). The project cost is estimated to be around 615 million USD.
The above information is a part of company’s filings submitted to BSE.