Iran’s South Pars gas output hits new record

Business Materials 19 December 2016 11:39 (UTC +04:00)

Baku, Azerbaijan, Dec. 19

By Fatih Karimov – Trend:

The daily production at Iran’s South Pars gas field has hit a record high of 515 million cubic meters (mcm) after the refinery of the gas field’s phase 20 came on stream, Hamidreza Mahdavi, the director of South Pars phases 20 and 21, said.

The sweet gas from the phase 20 refinery was injected into the cross-country gas grid on Dec. 17 for the first time, Mahdavi said, Mehr news agency reported.

He further said that currently first sweetening rows out of four are operational in the refinery of phases 20 and 21 with a total output of 25 mcm/d.

The second row will come into force in the coming days and the remaining two rows will become operational by March 2017, Mahdavi said.

Phases 20 and 21 of the South Pars field are set to produce 50 mcmd of gas, 77,000 b/d of gas condensate, 400 tons of sulfur a day, 1.1 million tons of liquefied petroleum gas a year and one million tons of ethane a year, he added.

According to statistics, each standard phase of the gas field will produce around 8 billion cubic meters of gas per year, valued at $2 billion.

South Pars, located in southern region, is divided into 24 development phases, and contains 40 trillion cubic meters of natural gas.

It covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are in Qatar's territorial waters.