BAKU, Azerbaijan, Jan. 10
By Elnur Baghishov – Trend:
Iran's Petropars Operation and Management Company (POMC) has accelerated work on the development of the 11th phase of the Iran-Qatar joint South Pars gas field (called North Dome in Qatar), the Executive Director of the POMC, Hamidreza Masoudi said, Trend reports citing the company’s website.
Masoudi said that in this regard, the implementation of two contracts began on December 22, 2021.
“Under the contracts, pipelines for 11th phase will be produced and installed, as well as, a production platform will be installed in B unit of the 11th phase,” he added.
According to the contracts, spare parts for the platform were purchased by the POMC and delivered over to an Iranian company that will install the platform, the director noted.
Masoudi stressed that with the construction of the pipelines, initially 11 million cubic meters of gas and gas condensate will be transported daily to the processing plant in Pars 2 point.
In general, Petropars Operation and Management Company has so far fulfilled 83 percent of its obligations under the contracts.
In 2017, the project to develop the 11th phase of the South Pars gas field was entrusted to France's Total, China's CNPCI and Iran's Petropars.
However, the foreign companies have refused to carry out operations at the 11th phase of the South Pars gas field as a result of US sanctions against Iran. As a result, the operations at this phase were fully entrusted to the Petropars Operation and Management Company (POMC).
In 2019, the project will be fully entrusted to Petropars, and it is projected that 2 billion cubic feet (about 56.6 million cubic meters) and 80,000 barrels of gas condensate will be extracted in the first stage.
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.
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