SP Phases 15, 16 Output Worth $4.5b

SP Phases 15, 16 Output Worth $4.5bSP Phases 15, 16 Output Worth $4.5b

The total value of output from South Pars phases 15 and 16 since 2013 amounts to $4.5 billion, the head of phases 15 and 16 development consortium said on Saturday.

“These two phases have produced more than 15.5 billion cubic meters of gas, 14 million barrels of gas condensates, 3,000 tons of sulfur and 5,000 tons of ethane in less than two years,” Hossein Sharifabadi was quoted as saying by Shana.

According to the official, phases 15 and 16, whose development started in 2006, will be officially launched in the near future in the presence of President Hassan Rouhani.

“All processing units in the two phases’ refineries have become operational, yet they are not operating at maximum capacity,” he said, adding that the quality of the products meet international standards.

Phases 15 and 16 of South Pars are aimed at producing 56.6 million cubic meters per day (mcm/d) of natural gas, 75,000 barrels per day of gas condensates, 400 tons a day of sulfur, 1 million tons a year of liquefied natural gas and 1 million tons of ethane to supply petrochemical units.

Offshore and onshore facilities for these phases include two drilling platforms, each with 11 wells, two gas and glycol pipelines each with a length of 233 km as well as gas sweetening units and other related facilities.

A local consortium, including Arya Naft Shahab Company, Iran Shipbuilding & Offshore Industries Complex Company, SAFF-ROSEMOND Engineering & Management Company and Dana Drilling Company led by Iranian Offshore Engineering and Construction Company, is in charge of the development of phases 15 and 16.

South Pars Gas Field meets 55% of Iran’s daily gas needs, standing at 430 mcm/d. Plans have been made to complete all South Pars development projects until 2017.

The world’s largest gas field is shared by 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.