Iran preparing 2nd phase 19 condensate shipment for export


TEHRAN, July 03 (Shana) — Iran is planning to export the second Phase 19 gas condensate shipment in the coming days after it sent the phase’s first condensate consignment last week.

On June 22, a 300,000-barrel shipment left Iran for South Korea.

Phase 19 of the supergiant South Pars Gas Field is a leading project in new development operations over the field. The phase came on-stream in April with 7mcm/d of natural gas output.

Phase 19 development of South Pars is set to produce 50 mcm/d of sweet gas, 75,000 b/d of gas condensate, 400 tons a day of sulfur, 1.05 million tons a year of liquefied petroleum gas and one million tons a year of ethane.

This development phase was awarded by Pars Oil and Gas Company (POGC) to a Petropars-led consortium of Petropars Limited and Petropars Iran and IOEC in June 2010 under an engineering, procurement, construction (EPC) contract.

Petropars Limited and Petropars Iran are responsible for onshore installations and drilling operations.