BAKU, Azerbaijan, Sept. 6
By Elnur Baghishov – Trend:
Iran's Petropars Operation and Management Company (POMC) will accelerate drilling operations in the 11th phase of the Iran-Qatar joint South Pars gas field (called North dome in Qatar), Executive Director of the Petropars Operation and Management Company (POMC), Hamidreza Masoudi said, Trend reports citing the company’s website.
Masoudi stressed that despite the coronavirus pandemic, drilling operations continue in 4 production wells. More than 15,000 meters are planned to be drilled in total. About 8,000 meters have been drilled so far.
The director added that contractors for the construction of the 11th phase’s platform and pipelines have been identified and will be implemented after approval by the National Iranian Oil Company (NIOC).
Reportedly, Iran's Petropars Operation and Management Company began drilling operations in the 11th phase on December 16, 2020. It is planned to drill 12 wells in this phase, and connect the phase to land with a 32-inch pipeline.
France's Total and China's CNPCI companies have refused to operate in the 11th phase of the South Pars gas field as a result of US sanctions against Iran. According to this, the operations in this phase were fully entrusted to the Petropars Operation and Management Company (POMC).
As reported, the South Pars gas field (called North Dome in Qatar) is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. Iran has so far spent $90 billion on projects of the South Pars gas field.
The phases of the South Pars gas field are located in an area of 3.7 km. Iran has extracted more than 1.8 trillion cubic meters of gas and 2.2 billion barrels of gas condensate worth $335 billion by the end of last Iranian year (March 20, 2021).
Reportedly, Iran is to spend $25-$30 billion to maintain extraction from the South Pars gas field. Iran extracts daily 700 million cubic meters of gas from this field.
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