Publishe Date: 2:23 PM - 12/1/2013 | Print

Oil Minister: Phase 12 of South Pars to Start Production by Late March

Economy - Iranian Oil Minister Bijan Namdar Zanganeh announced that Phase 12 of the massive South Pars gas field is expected to start production by the end of the current Iranian year (ends March 20, 2014).

“Phase 12 of the South Pars will start early production by the end of the year and it will join the national gas pipeline with the capacity of 12 million cubic meters per day (mcm/d),” Namdar Zanganeh told FNA on Sunday.

He reiterated that Phase 12 is actually the largest phase in the South Pars, and his ministry has taken effective measures to complete this important and valuable phase.

Iranian engineers and technicians are currently operating Phase 12 of the South Pars with seriousness and testing different sections of this refinery.

The steam production, air compressors and gas receiving units are now operational. Other sections like water desalination and wastewater treatment units are close to becoming operational.

The main contractor of the development of Phase 12 of South Pars is Petropars Company. The onshore installations of this phase are located 70 kilometers from Assaluyeh.

Pars Special Economic Energy Zone (PSEEZ) was established in 1988 for the utilization of South Pars oil and gas resources and encouraging commercial activities in the field of oil, gas and petrochemical industries.

South Pars gas field is a natural gas condensate field located in the Persian Gulf. It is the world's largest gas field, shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensate.

The South Pars gas field 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, i.e. the North Dome, are in Qatar's territorial waters.

The South Pars gas field holds 8 percent of total gas reserves of the world and half of the country's proven gas reserves as well as is the host of the most important industrial complexes of the country and the most important part of oil industry's value chain.
 

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