SP Phase 11 Development Project Implemented after Two-Decade Hiatus
TEHRAN (Tasnim) – The National Iranian Oil Company (NIOC)'s managing director on Sunday said the development project of Phase 11 of the South Pars gas field was implemented by the company in the administration of President Raisi after a 20-year delay.
Speaking on the occasion of the Government Week (August 24-30) at the venue of the Phase 11 of South Pars gas field in the Persian Gulf, Mohsen Khojastehmehr added that gas production of one of the most strategic projects was carried out by NIOC experts, SHANA reported.
He said that 24 wells will be drilled and 56 million cubic meters of gas and one million tons of ethane per day as well as one million tons of liquefied petroleum gas (LPG) per annum will be produced when the Phase 11 project is fully implemented, predicting that its production will earn the country $5 billion annually.
Development of Phase 11 is unique as it is the farthest border section of South Pars [Iran shares with Qatar], said Khojastehmehr, explaining that gas production from four yielding layers will start.
Four wells have become operational and other wells will gradually come on stream, the NIOC CEO continued.
He described transportation of the 12C platform and its installation at 11B location as the most unparalleled executive operation in the Assaluyeh and Persian Gulf region.
According to him, the platform weighing 3,200 tons is one of the heaviest offshore structures transported for the first time in Iran.
Phase 11 is the last phase of the South Pars field, whose development is in progress, the NIOC chief emphasized.
Exploration and development operations of new regions outside known blocks are underway and good news will come in the near future, he stipulated.
Khojastehmehr said that boosting pressure in the South Pars gas field is among the most important projects of the NIOC.