Baku, Azerbaijan, Jan. 24
By Khalid Kazimov – Trend:
Iranian engineers have installed the first platform of the phase 14 of South Pars gas field.
The 2,500-ton platform is projected to extract 14.1 million cubic meters of soar gas from the phase 14, IRNA news agency reported.
The soar gas extracted at the platform A will be transferred to a refinery in the Pars Kangan region through a 32 inch pipeline which has been laid on the seabed.
According to the report, 8 wells out of 11 the phase 14 will come on stream after utilizing the platform.
The officials are hopeful to utilize the platform by mid-February which will facilitate transferring the soar gas to the onshore petrochemical facilities.
Under a $5.25-billion contract, a consortium led by Industrial Development and Renovation Organization of Iran is in charge of developing the phase 14.
The development project has been completed by 77.5 percent and the consortium has already placed 230 kilometer long of 32 inch pipelines in the seabed.
The drilling operation of 22 wells has been completed in the phase 14 and 22 other wells are expected to be drilled over the next three months.
The phase 14 is expected to produce 56.6 million cubic meters of soar gas and 75,000 barrels of condensate once it fully becomes operational.
The volume of Iran’s gas output from the joint field of South Pars has reached 555 million cubic meters per day.
South Pars is part of a huge offshore field, shared between Iran and Qatar in the Persian Gulf. The field is estimated to hold about 8 percent of the world’s natural gas reserves.