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Iran to launch 5 South Pars platforms in one year

Business Materials 9 April 2016 12:28 (UTC +04:00)

Tehran, Iran, April 9

By Mehdi Sepahvand -- Trend:

Five platforms of the South Pars gas field will be operational by the end of the current Iranian year (March 20), CEO of Iran Offshore Engineering and Construction Company Qolamreza Manuchehri said.

The five include three platforms at Phase 19 and one at phases 20 and 21 each, he said, SHANA news agency reported April 9.

Also, within this year the construction of pipeline and drilling 22 wells at Phase 14 will be pursued, he said.

The development of Phase 19 was consigned to Pars Oil and Gas Company in 2010 as an EPC.

The South Pars is the world's biggest gas field with 30 trillion cubic meters of gas reserves. Iran is currently seeking a foreign partner to develop the oil layer of this giant gas field.

The field is divided into four sections - A1, A2, B and C. Estimated oil production for all of them is 65,000 barrels per day. Drillings have been completed and production is waiting for a floating storage and offloading vessel (FPSO).

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