South Pars Phases 15, 16 to Become Fully Operational by Next Winter

TEHRAN (Tasnim) – Two major development phases of Iran's South Pars gas field will become fully operational by the next winter, an operator in the giant project said, adding that the offshore platforms of phases 15 and 16 are almost complete.

South Pars Phases 15, 16 to Become Fully Operational by Next Winter

“In the next (Iranian) year’s autumn, we will extract gas form the wells of the projects in Phases 15 and 16, and the project will become fully operational by the winter of 1393 (winter 2014/15),” Nikkhah, the caretaker of the executive supervisor in the South Pars gas field, told Tasnim News Agency on Saturday.

He also noted that construction of the offshore platforms in the two phases has been almost completed by the Iranian technicians, adding that the giant platforms will be mounted in the Persian Gulf in the near future.

Earlier in December 2013, the project operator announced that the Phase 16 will experience a 97-percent completion, as soon as its giant platform becomes operational in the near future.

In the meantime, the Phase 15 is also reported to have experienced a physical development of 94 percent; however, it lags behind the Phase 16, which requires a final flow of €5 million investment to come on stream swiftly.

When fully operational, phases 15 and 16 are expected to produce a combined total of 50 million cubic meters (mcm) per day of natural gas, 1.05 million tons a year of liquefied petroleum gas (LPG), one million ton a year of ethane, 75,000 barrels a day of gas condensate and 400 tons a day of sulfur.

The South Pars gas field, whose development has been divided into 24 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar. It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

South Pars is part of a wider gas field that is shared with Qatar. The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar's territorial waters.

Related news
Most Visited in Economy
Top Economy stories
Top Stories