BAKU, Azerbaijan, April 30
By Elnur Baghishov - Trend:
The development of the 11th phase of Iran-Qatar joint South Pars gas field has officially begun, said Hamidrza Masudi, executive director of Iran's Petropars Operation and Management Company(POMC), Trend reports citing National Iranian Oil Company (NIOC).
According to Masudi, the loading of the phase 11B platform jacket (wellhead rig) began today. Masudi added that the rig weighs about 2,200 tons and is 88 meters high.
The director said that after the installation of the 11th phase in late June, the drilling of 5 wells in the phase will begin.
The official added that production from the first well of 11th phase will begin next year.
The first well in the 11th phase of the South Pars gas field will be drilled this year. If this phase is fully operational, 56.6 million cubic meters of rich gas will be produced per day. France's Total and China's CNPC withdrew from the project due to the US sanctions against Iran, and Iran's Petropars Company took over the phase.
The South Pars gas field is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. At present, Iran's daily gas production from the South Pars gas field is more than 700 million cubic meters. Iran has so far spent $33 billion on projects of the South Pars gas field.
Around 75 percent of Iran's gas is supplied by this field.
Gas from Iran's South Pars gas field is transported to refineries in the Pars Special Energy Economic Zone in the port city of Asaluyeh in Iran's southern Bushehr province via a gas pipeline.