Baku, Azerbaijan, Jan. 17
By Fatih Karimov - Trend:
Phase 12 of Iran's South Pars gas field, which is the biggest phase of the gas field, is currently producing 2.2 billion cubic feet (about 63 million cubic meters) of sour gas per day.
Mohammad Javad Shams, the CEO of Petropars Ltd., which is tasked with developing Phase 12 of the South Pars gas field, said the phase's output will increase to 3 bcf by Feb. 10, Iran's IRNA news agency reported on Jan. 17.
He also said that the refinery of phase 12 is 96 percent complete.
Phase 12 of the South Pars gas field's output is threefold of a single phase.
Jamshid Sourani, the planning manager of phase 12's development plan, said in Nov. 2014 that the phase is projected to daily produce 120,000 barrels of gas condensate and 750 metric tons of sulfur.
According to statistics, each standard phase of the gas field will produce around 8 billion cubic meters of gas per year, valued at $2 billion.
South Pars, a non-associated gas field located offshore in the middle of the Persian Gulf, is Iran's largest gas field. South Pars is a portion of a larger gas structure that straddles the territorial water borders of Iran and Qatar. It is called the North field in Qatar.
South Pars reserves account for roughly 40 percent of Iran's total gas reserves, and the field is also estimated to hold 17 million barrels of condensate in place. Phase 12 is the South Pars's biggest phase in terms of volume of activities as well as investment and production levels.