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New S. Pars Platform Infeasible

New S. Pars Platform Infeasible New S. Pars Platform Infeasible

Building the fourth platform for South Pars Phase 12 is not feasible, as the extraction of more gas from this part of the field seems to be impossible after 2023, Seyyed Hadi Baqeri, Petropars Company's project manager, said on Saturday.

"Phase 12 is located in the corner of the South Pars Gas Field because of which the previous location of the platform has changed and studies are being conducted to determine a new location ," the official was quoted as saying by IRNA.

According to Baqeri, the maximum output of Phase 12 can reach 2.5 million cubic meters per day.

Pressure in gas fields usually declines, resulting in a fall in extraction, and the South Pars Gas Field is no exception.

Based on reports, at the current extraction rate, as of 2023, due to the decline in pressure, extracting gas and piping it onshore will be possible only with the help of compressors. As a result, some of the South Pars development plans have changed, one of which may be the cancellation of the construction of platform number 4.

"Three platforms have already become operational in Phase 12 and the fourth one was planned to be built at an estimated cost of $700 million," said Petropars Company Managing Director Mohammad Javad Shams.

Phase 12 is situated in the southeastern block of South Pars bordering Qatar, measuring 206 square kilometers. The offshore section is approximately 150 km from Iran’s coastline and the onshore section is located in Tombak Region (65 km west of Asalouyeh, southern Iran).

The main objective of developing Phase 12 is to produce and transport 3 billion cubic feet of gas per day from 45 wells. The sweetened gas from onshore facilities is then transported to Iran Gas Trunkline VI. Condensates are then exported via marine routes.

South Pars is the world's largest gas field, shared between Iran and Qatar, covering an area of 3,700 square kilometers of Iran's territorial waters in the Persian Gulf. It adjoins Qatar’s North Field, which measures 6,000 square kilometers.

 

Financialtribune.com