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Iran to start extraction from eleventh phase of South Pars gas field

Oil&Gas Materials 20 December 2021 17:28 (UTC +04:00)
Iran to start extraction from eleventh phase of South Pars gas field

BAKU, Azerbaijan, Dec. 20

By Elnur Baghishov – Trend:

Iran will start gas extraction from the 11th phase of the Iran-Qatar joint South Pars gas field (called North Dome in Qatar), by the end of 6th month of next Iranian year (September 23, 2022), Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojasteh Mehr told reporters, Trend reports citing the Shana News Agency.

According to Khojasteh Mehr, work at the 11th phase of the field has been accelerated. For this purpose, platforms of 12th phase are also used.

The deputy minister added that along with the development of 11th phase, 1st unit of the refinery that will process the gas extracted from the 11th phase will be launched in the 10th month of the current Iranian year (December 22, 2021 through January 20, 2022). The 1st unit will process 12 million cubic meters of gas per day. When the mentioned refinery is fully operational, it will process 56 million cubic meters of sour gas per day.

“Iran’s gas extraction will increase daily by 130 million cubic meters next Iranian year (March 21, 2022 through March 20, 2023). In this regard, a number of projects are being implemented,” he said.

The South Pars gas field (called North Dome in Qatar) 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. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. Iran has so far spent $90 billion on projects of the South Pars gas field.

The phases of the South Pars gas field are located in an area of 3.7 km. Iran has extracted more than 1.8 trillion cubic meters of gas and 2.2 billion barrels of gas condensate worth $335 billion by the end of last Iranian year (March 20, 2021).

France's Total and China's CNPCI companies have refused to operate in the 11th phase of the South Pars gas field as a result of US sanctions against Iran. According to this, the operations in this phase were fully entrusted to the Petropars Operation and Management Company (POMC).

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