Phase 12 platform revenues at $500m

TEHRAN Oct 11 (Shana)–Platform A of Phase 12 of the giant offshore South Pars gas field is currently earning the country $500 million in revenues a month, managing-director of Petropars company said.

Mohammad-Javad Shams said the revenues are gained from exporting 1.4 million barrels a month of condensate and 25 mcm/d of gas.

He said that the refinery of Phase 12 of the giant field is expected to have been constructed by the end of this year.

Shams said Phase 19 of South Pars is more than 76 percent complete and that 15 wells will be drilled in this phase. 



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