Azerbaijan, Baku, Mar. 4/ Trend F.Milad/
The third offshore platform at the phase 12 of the South Pars gas field started drilling to complete development of the offshore section of the gas field, the phase 12 project manager stated.
Development of the phase 12 has progressed by 70 percent, Rasoul Fallahnejad added, Shana news agency reported.
The phase 12 has the capacity for producing 90 million cubic meters of natural gas, 120,000 barrels of condensates and 750 tons of sulfur per day and is projected to come on stream by October 2012, the report added.
Seven phases of the South Pars gas field will certainly come on stream and start early production in the next calendar year, which starts on March 20, the National Iranian Oil Company (NIOC) managing director said in December 2011.
The phase 12 (equivalent to three phases), and the phases 15, 16, 17, and 18 development plans have progressed by around 60 percent, NIOC head Ahmad Qalebani told Mehr news agency.
Oil Minister Rostam Qasemi has ordered all the contractors of the South Pars gas field development projects to work round the clock in three shifts to complete development of all phases, especially the phases 12, 15, 16, 17 and 18.
The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.
Iran sits on the world's second largest natural gas reserves after Russia.
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