TEHRAN Nov 30 (Shana)--Phase 12 of the supergiant South Pars Gas Field is expected to bring the country at least 10 billion dollars of income annually by the time it is fully operational, said a refinery manager of the phase.Manager of Phase 12 refinery Jamshid Sourani said completion of the phase will need 7 to 8 billion dollars of investment which will return less than a year after the phase is fully operational.
Currently four trains of the phase are recovering 47 mcm/d of natural gas and the fifth train is expected to come online by the next two weeks raising the phase's output to 56 mcm/d, said the official.
He further added platform B12 of the phase will be operational by late next month and platform C will be launched afterwards.
The injection of processed gas from Phase 12 of South Pars gas into gas trunklines has started, said an official in charger of Phase 12 development last week.
Rasoul Fallahnejad said sour gas has been pumped out from phases 6-8 of the giant offshore field to the refinery of Phase 12 for treatment.
South Pars covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Irans territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatars territorial waters.
The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the worlds reserves, and approximately 18 billion barrels of condensate.
By SHANA
The Iran Project is not responsible for the content of quoted articles.
