TEHRAN (Tasnim) – The development of phase 16 of Iran’s South Pars gas field will be almost complete, once its main platform, now in the final stage of construction, would be mounted in place in the Persian Gulf.
The offshore platform of the Phase 16 has undergone rapid industrial operation over the past month and is now over 95-percent complete.
The project operator announced that the Phase 16 will experience a 97-percent completion, as soon as its giant platform becomes operational in the near future.
In the meantime, the Phase 15 is also reported to have experienced a physical development of 94 percent; however, it lags behind the Phase 16, which requires a final flow of €5 million investment to come on stream swiftly.
When fully operational, phases 15 and 16 are expected to produce a combined total of 50 million cubic meters (mcm) per day of natural gas, 1.05 million tons a year of liquefied petroleum gas (LPG), one million ton a year of ethane, 75,000 barrels a day of gas condensate and 400 tons a day of sulfur.
In September, Iranian Oil Minister Bijan Namdar Zanganeh had said that Iran is determined to bring the previous contracts on South Pars gas field to operational phase, and has no plan to sign any new contract over the giant field.
“We will not sign any new contract about South Pars, and we should only implement the previously-signed contracts,” Bijan Namdar Zanganeh told Tasnim News Agency at the time.
The South Pars gas field, whose development has been divided into 24 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.
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