Iran Marine Industrial Company, Sadra, is building 10 offshore platforms to develop the remaining phases of the giant South Pars Gas Field in the Persian Gulf, the deputy for development and engineering at the National Iranian Oil Company said.
"The company is expected to launch the platform of Phase 22 of the gas field which is shared by Iran and Qatar by June," Gholamreza Manouchehri was quoted as saying by Shana on Sunday. According to Manouchehri, the platforms for phases 22-24 as well as 13 and 14, each with a capacity to extract 14 million cubic meters per day of gas per day, are being built in the company's industrial section in South Pars," he noted. Following the erasing of international sanctions in January 2016, new funding has been allocated for the mega project and South Pars development work is on schedule, the official said.
The phases 22 to 24 of Iran’s giant South Pars gas field located in the southern province of Bushehr are slated to be inaugurated in coming days, the project’s manager said.
Two platforms at Phase 13 of the giant South Pars gas field have become ready for operation within four days, the manager of SP13 development project has said.
Iran is ready to take the phases 13, 22, 23, and 24 of the South Pars Gas Field in the Persian Gulf on stream by the end of the current local calendar year (on March 20).
Iran has bettered Qatar in developing its share of the joint South Pars Gas Field over the past six years.
Director of a project to drill wells at Phase 14 of the offshore South Pars gas field said 100,000 meters had been drilled in the phase for completing 14 wells.
Qatar's ultra-light crude oil grades bore the full brunt of the recent return of Iranian condensate supply, with spot differentials for deodorized field condensate hitting multi-year lows, but uncertainty over the renewal of Iranian sanctions waivers could prop up the Qatari grade in the near term.