The Iran Project

Oil Minister sets priorities for South Pars phases

TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh asked his organization to focus efforts on development of Phase 12 of the country’s South Pars gas field, a decision that realigns priorities for the giant offshore gas field.

Zanganeh made the decision after he realized that 4 of the 5 phases with top priorities in South Pars gas field, namely Phases 15-18, will not come on stream before wintertime, when the country will be in growing need of gas.

The oil ministry’s new plan is to develop Phase 12 as soon as possible, as it can produce more than 14 million cubic meters of gas from at least 6 and at most 12 of its wells before the start of cold season.

Development of Phase 12 of South Pars gas field is 92.6% complete and its sour gas will be delivered to its refinery for processing as of next month.

Before winter, the phase will start producing over 14 million cubic meters per day (mcm/d) of gas to be injected into the national pipeline, according to oil ministry officials.

Platform A of the giant offshore gas field’s Phase 12 is close to coming on stream and from its twelve wells, the field is expected to deliver more than 28 million cubic meters of gas onshore every day.

The Phase 12 output will start with 13 million cubic meters per day (mcm/d) and will reach its maximum capacity in two months.

The South Pars gas field, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar. It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

South Pars is part of a wider gas field that is shared with Qatar. The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar’s territorial waters.

Development of the offshore South Pars field is of vital importance to Iran, both politically and economically. Natural gas production from South Pars is critical to meet increasing domestic consumption and to meet Iran’s current and future export obligations.

Iran has the largest gas reserves in the world and is the third largest consumer and fourth largest producer of this energy source.

Iran main export market for gas is Turkey, while it mainly imports gas from Turkmenistan to supply the northeast of the country. Overall, the country is still a net importer of gas.

Although it is second to no country in terms of gas reserves, Iran’s own consumption has risen more markedly than its production – caused by heating, power generation and oilfield reinjection needs- to make it a net importer.

By Tasnim News Agency 


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