Iran’s South Pars oil layer platform to be commissioned soon

Business Materials 23 June 2015 17:51 (UTC +04:00)

Baku, Azerbaijan, June 23

By Fatih Karimov - Trend: The commissioning operations of the platform of the South Pars gas field's oil layer is 90 percent complete and will be handed over to the contractor in the next 15 days, said Farshid Seyed Hosseini, the managing director of the Iranian Offshore industries Company.

The platform will have the capacity to process 35,000 barrels of crude oil per day, Iran's Shana news agency quoted Seyed Hosseini as saying June 23.

Construction of the platform started in Iranian fiscal year 1385 (March 2006-March 2007). It weighs around 890 metric tons, and will be handed over to Petro Iran Company as the contractor, he added.

The platform will cover the product of seven oil wells at the field.

The structure is 30 meters long, 20 meters wide, and is built in three stories.

The oil layer of South Pars gas field is projected to start production in the second half of the next Iranian fiscal year, which will start on March 21, 2016.

The South Pars is shared by Iran and Qatar. While Iran has been unable to take anything out of the oil layer, Qatar has been tapping it since the 1990s and is currently producing 450,000 barrels of crude out of it every day. The country is estimated to have extracted over one billion barrels of oil from South Pars so far.

Edited by CN