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SP Phase 19 Output to Rise

SP Phase 19 Output to RiseSP Phase 19 Output to Rise

More than 14 million cubic meters of gas from Phase 19 of the South Pars Gas Field in the Persian Gulf is planned to be injected into the national gas pipeline by winter, according to the phase director, Hamidreza Masoudi.

“A satellite platform will be installed to boost natural gas extraction from the phase’s offshore sector by early November,” he was quoted by IRNA as saying.

The rise in Phase 19 output is expected to make up for the country’s rising demand for natural gas in the cold season, which is around 500 to 550 million cubic meters per day.

The development project of Phase 19 is among second-priority plans of South Pars, which is expected to become fully operational by the yearend (March 19, 2016) and is currently under construction by a consortium of Petropars Limited, Petropars Iran and IOEC under an engineering, procurement and construction contract.

Once fully operational, Phase 19 is estimated to produce 50 mcm/d of gas as well as 75,000 barrels of gas condensate, one million tons of liquefied natural gas and one million tons of ethane per year.

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 spans over 6,000 square kilometers. The field has a capacity of producing 820 million cubic meters and 1 mcm of gas and gas condensates per day respectively.

 

Financialtribune.com