Phase 12 of Iran’s offshore South Pars gas fields will double gas production by next month. The Iranian oil minister Namdar Zanganeh, who was represented by Iranian first vice president Eshaq Jahangir said this during a visit to the large gas field in the southern port city of Assaluyeh.
The development of the South Pars gas field has been divided into 24 phases and the construction of phase 12, which is the biggest development phase, has seen a 95% growth in production. Now producing 14million cubic meters (mcm) of natural gas per day, the fields output is expected to double by the month of khordad (May 22 – June 21).
“When the second section of the phase comes on stream, the production of natural gas would be increased from 14 (mcm/d) to 28 (mcm/d),” said Zanganeh.
He also stressed that only local professionals have contributed to the development of the phase, noting that he was satisfied with the construction process of the development phase.
During the same visit to South Pars gas field, the managing director of Pars Oil and Gas Company, Ali Akbar Shabanpour was quoted as saying that the new sections of the development phase will come on stream in the Iranian month of Khordad.
He also said that $6.9 billion has been invested for the development of Phase 12.
The South Pars gas field is located in the Persian Gulf straddling the maritime border between Iran and Qatar. Iranian section of the field contains an estimated 14 trillion cubic meters of gas and 18 billion barrels of condensates.
South Pars is part of a larger gas field which Iran shares with Qatar. The larger field covers an area of 9,700 square kilometers of which 3,700 square kilometers are in Iran’s territorial waters.
