Tehran, Iran, April 6
By Mehdi Sepahvand - Trend:
The construction of Iran's South Pars oil layer Floating Production Storage and Offloading (FPSO) is 55 percent through, according to CEO of Petro-Iran Company Roham Qassemi.
The FPSO can store 700,000 barrels of oil and also perform exploitation, desalination, and injection functions, SHANA news agency reported April 6.
Qassemi said the production of oil from the oil layer of the South Pars will hit 30,000 barrels within a year.
The oil layer is planned to yield 35,000 bpd of oil in its first development phase. A second phase is planned to take the output to 70,000 bpd.
The South Pars oil layer is shared with Qatar, where it is called Al Shaheen. The field is a series of cretaceous reservoirs that lie above the deep Permian Dalan gas reservoirs of the South Pars gas field. Its development is technically challenging due to the thin target thickness of reservoirs (ranging from just 1.5 - 7.5 meters), coupled with the field's large areal extent.