35175
Condensate Export to East Asia in 2 Weeks
Energy

Condensate Export to East Asia in 2 Weeks

Iran will start the export of gas condensates produced in phases 17 and 18 of South Pars Gas Field to South Korea in the next two weeks, director of the phases said on Wednesday.
"Fortunately, circumstances are normalizing again after the implementation of the nuclear deal and as a result of the removal of anti-Iranian sanctions, which had restricted the import of equipment needed by SP for years," Hassan Bouyeri was quoted as saying by Shana.
The official said earlier that the two phases are already operational, producing close to 30 million cubic meters of natural gas per day. However, all offshore and onshore facilities of the two phases will become completed by June.
The phases are designed to produce 50 mcm/d of gas, 80,000 barrels of condensates and 400 tons of sulfur.
Oil Minister Bijan Namdar Zanganeh said this month in a statement that phases 17 and 18 are yet to be officially inaugurated because of not reaching optimal production capacity.
Announcing that in the last two weeks 90 foreign companies' representatives have visited the site, Bouyeri said the new atmosphere accelerates the implementation of SP's phases 17 and 18.
"To complete the phases, 44 wells must be drilled, of which 22 are already complete and operational and the rest have made 90% progress," he explained, adding that the remaining wells will go on stream in less than two months.
The official noted that at present two primary rigs are operating in phases 17 and 18, and two other rigs, which are 80% ready, have been replaced with the site's underway rigs. "According to the timeframe, the replaced rigs will be installed by June and marine operations are expected to be finished before the end of December."
WorleyParsons, a leading international engineering, procurement and construction company, has provided nearly 60% of equipment and machinery in the phases, while Iranian contractors have carried out around two-thirds of all operations.
Currently, an Iranian consortium is implementing the phases that include Industrial Development and Renovation Organization of Iran as the leading party that holds 48% of the project, Oil Industries Engineering and Construction, and Iranian Offshore Engineering and Construction Company that is the project's contractor for marine section.
About $5.7 billion so far have been invested in the two phases, with total investments projected to reach $6.2 billion.
Mehdi Yousefi, managing director of Pars Special Economic Energy Zone, earlier said the export of gas condensates from the zone to 29 countries witnessed a 64% growth in the Iranian month ending January 20, compared with last year’s corresponding period.
“More than 1.45 million tons of gas products, worth over $589 million, were exported from the PSEEZ’s customs,” he added.

Short URL : http://goo.gl/BjT1xt
  1. http://goo.gl/XsKo1e
  • http://goo.gl/bB2I6d
  • http://goo.gl/hC53hy
  • http://goo.gl/cg1VmN
  • http://goo.gl/fbzp25

You can also read ...

Libya Oilfield Halt Raises Crude Prices
Libya’s oil exports from the Mellitah terminal will be...
Russia’s energy giant Gazprom and five financial investors are already financing the project.
The Nord Stream 2 project will begin the process of attracting...
Maduro Promises to Recover Oil Decline
Venezuelan President Nicolas Maduro promised on Saturday to...
US Shale Investors Await Oil Payoff
US oil production has topped 10 million barrels per day,...
Almost 1,118 km of pipelines have so far been laid in Sistan-Baluchestan Province.
In lines with efforts to provide the country's far-flung and...
Trilateral MoU to  Build Solar Plant
Post Bank of Iran has signed a trilateral memorandum of...
Tehran Peak Power Demand Increases by  1,000 mw
Peak electricity consumption in the capital Tehran has...
SP Phase 14 Platform Sets record
The first flare stack of South Pars Gas Field's Phase 14 in...

Trending

Googleplus