Early production postponed at Iranian South Pars phases 17 and 18

Azerbaijan, Baku, Dec. 12 / Trend F.Milad/

Due to a delay in drilling operations, early production at Iran's South Pars gas field's phases 17 and 18 has been suspended, the Pana news agency reported.

Despite work having started 53 months ago, to date no oil well is ready for early production, the report added.

Meanwhile, the manager of the phases 17 and 18 development plan has said that 22 new wells will be drilled in the near future in the gas field.

"The offshore section of the phases 17 and 18 development plan is 66 per cent complete," Sepehr Sepehri told the Shana news agency.

Development of phases 15 to 18 of Iran's South Pars gas field which were scheduled to be operational by the end of the current Iranian calendar year (March 20, 2012), have been postponed to next year, oil minister Rostam Qasemi said.

Mr Qasemi has ordered all the contractors of the South Pars gas field development projects to work round the clock in three shifts to complete all the phases, especially sectors 12, 15, 16, 17 and 18.

Iran has attached priority to boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia, Mr Qasemi said, the IRNA news agency reported.

The country sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The field is shared by Iran and Qatar. The Iranian share which is divided into 29 phases has about 14 trillion cubic metres of gas, or about eight per cent of the total world reserves and more than 18 billion barrels of liquefied natural gas resources.

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