Phases 20, 21 of Iran’s South Pars gas field 58 per cent complete

Oil&Gas Materials 29 June 2014 16:48 (UTC +04:00)

Tehran, Iran, Jun. 29
By Milad Fashtami - Trend:

The refinery of South Pars gas field's phases 20 and 21 is now 60 percent complete.

The project manager of South Pars gas field's phases 20 and 21, Seyyed Qolam-Hassan Garshasebi said on June 29 that the phases' platforms are also 38 percent complete, Iran's SHANA News Agency reported.

"The platforms will be completed in 16 months," he said.

"The phases' physical progress is around 1.5 percent per month," he said.

It is while the Iranian oil minister has ordered all the contractors to put the priority on phases 12, 15, 16, 17, and 18 of South Pars gas field.

It was announced on September 25, 2013 that the Iranian Oil Minister Bijan Namdar Zanganeh has issued three orders in regards to developing South Pars gas field.

Zanganeh has order the contractors to put the priority on developing the phases 12, 15, 16, 17, and 18 of South Pars gas field, the Mehr News Agency reported.

After completing the mentioned phases, the so-called 35-months phases would be the ministry's top priority.

In his second order, the minister has urged the contractors to facilitate completing offshore structures of the project.

"If the offshore wells, pipelines, and drilling rigs come on stream before winter, the ministry will be able to refine the gas in South Pars gas field's old refineries as well as Bidboland and Fajr-e-Jam refineries," Zanganeh stressed.

The third and final order of oil minister indicates that funds and equipment of Iran's non-joint fields should be transferred to the joint South Pars gas field so that the project comes on stream as soon as possible.

South Pars is part of a wider gas field that is shared with Qatar. The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar's territorial waters.

The Iranian gas field contains 14 trillion cubic meters of natural gas, about eight percent of the world's reserves, and more than 18 billion barrels of LNG resources.

Iran has the world's fourth-largest proved national reserves of oil - most of it cheap to produce - and is home to the biggest proved reserves of natural gas, some 18 percent of the global total.