South Pars main phase trains to come online in November

South Pars main phase trains to come online in November

Tehran, March 26, IRNA- Five remaining refining trains of Phase 12 of South Pars gas field are to become operational up to November 2014, the representative of the company operating thephase said

Mohammad-Reza Akbari, who represents Petropars, made the remarks in a meeting also attended by the Oil Minister Bijan Namdar Zanganeh in Assaluyeh in southern country where the offshore giant gas reservoir is located, the petroenergy news network SHANA reported.



He said SPD B12 and SPD C12 platforms are to be loaded in May from Khorramshahr Yard to be destined for the gas field.



Zanganeh also told the meeting that he has been focusing on Phase 12 of South Pars, which is under development in 24 phases.



Economists say each phase of South Pars contributes one percent to Iran’s gross domestic product (GDP).



South Pars, which is shared with Qatar, expands on 9,700 square kilometers of land, 3,700 sq m of which is in Iran’s territorial waters.



The field is estimated to contain gas and gas condensate standing at 230 billion barrels of crude oil equivalent. Iran’s share contains 14 tcm of gas and 17 billion barrels of gas condensate in place. The recoverable reserves stand at 10 tcm of gas and 9 billion barrels of condensate.



Iran’s sector of South Pars makes up 50 percent of the country’s and eight percent of the world’s gas reserves.



The Qatari sector contains 37 tcm of gas and 30 billion barrels of gas condensate in place. The recoverable reserves are at 26 tcm of gas and 10 billion barrels of condensate. The Persian Gulf Arab state’s share constitutes 99.9 percent of the country’s and 21 percent of the world’s gas reserves.


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