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Iran: no new plans for joint field with Qatar

Business Materials 5 April 2017 13:34 (UTC +04:00)

Baku, Azerbaijan, Apr. 5

By Dalga Khatinoglu – Trend:

Two days after Qatar announced that it is lifting the moratorium on the North Field after 12 years, aiming to increase the gas and gas condensate output by 10 percent (56 million cubic meters per day), Iran says doesn't have any new plan for this joint field.

“We would keep the projected plan for developing the South Pars (Qatar calls North Field) and there are no new plan for this project,” Deputy Managing Director of the National Iranian Oil Company (NIOC) for Engineering and Development Affairs Gholam-Reza Manouchehri told Mehr Apr.5.

He added that Iran has focused on protective production based on the reservoirs life and prioritizing the output of phases close to Qatar borders.

The phases 2, 11, 12, 15-18 of Iranian side of South Pars are near the borders of the Qatari side, of which only phases 2, 12, 15 and 16 are fully operational, while Iran plans to complete phases 17 and 18. Phase 11 with 56 mcm/d output capacity hasn’t been developed yet.

Iran and France’s Total has signed a memorandum of understanding to develop that, but Total announced earlier that it has postponed the decision on the project for at least 18 months due to probable sanctions of the US against Iran.

A third of the joint field’s reserves places in Iranian side with 14 trillion cubic meters.

Qatar has started the development of the joint field 10 years before Iran and has produced 2.5 trillion cubic meters of gas as of the end of 2016, while Iran’s cumulative output stood at 1 trillion cubic meters.

Currently Iran’s nominal production capacity from South Pars stands at about 500 mcm/d, while the figure for Qatar is more than 540 mcm/d.

Iran plans to overtake Qatar by May 2017 after full completion of phases 17, 18, 19, 20 and 21. After that Iran plans to complete phases 13, 14, 22-24 by 2019, developed by about 60 percent on average, as of currently.

After full completion of South Pars’ all 24 phases, Iran’s gas output from this field would reach 780 mcm/d.

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