Iranian parliament: Local companies must develop 11th phase of South Pars gas field
BAKU, Azerbaijan, Dec. 1
By Elnur Baghishov - Trend:
The 11th phase of the South Pars gas field, which is a joint gas field between Qatar and Iran, must be developed by local companies, the Iranian parliament's research center said.
“Presently, there are two scenarios for the 11th phase,” Trend reports referring to the website of the Iranian parliament's research center.
“In accordance with the first scenario, the local companies and contractors must develop this phase by using the experience gained over the years,” the center said. “In accordance with the second scenario, a contract related to the oil and gas industry is expected to be signed with foreign companies.”
Although many tenders have been held in connection with the 11th phase, the situation is still uncertain because foreign companies did not meet their obligations due to the US sanctions imposed on Iran.
The center added that gas production pressure is expected to drop in this phase in a year and a half.
“Pressure equipment is required for this phase and several international companies have the technology of this equipment,” the center said. “Iran does not have such a technology.”
The South Pars Gas Field is a joint gas field between Iran and Qatar. The proven reserves have reached 51 trillion cubic meters of gas and it is possible to extract 36 trillion cubic meters of gas.
Presently, 630 million cubic meters of gas may be extracted from Iran's South Pars gas field daily.
After new platforms are commissioned at five phases (13, 14, 22, 23 and 24), gas production volume will increase up to 680 million cubic meters daily.