Kharg Natural Gas Liquid (NGL) project on Kharg Island in the Persian Gulf awaits funding to help curb gas flaring by nearly 8.5 million cubic meters a day at the Kharg and Bahregan fields, managing director of the Iranian Offshore Oil Company said.
“Most equipment for the NGL project has been supplied and the project has made 60% progress. Work should be over by mid-2024,” Alireza Mahdizadeh was quoted as saying by IRNA.
Given that collection of associated gases is one of the priorities of the government, completion of the project on time is expected from SAFF company, which is the investor of the project.
SAFF operates in oil and gas engineering, management, procurement, construction, transportation, installation, commissioning and startup projects. It owns an offshore yard in Bandar Abbas Special Economic Zone, which is the biggest fabrication yard in Iran.
The NGL venture is among several initiatives to collect and utilize natural gas burnt in the southern oil and gas fields.
Plans to construct the Kharg plant go back nearly a decade ago, but progress has stalled due to managerial issues and funding constraints.
An NGL plant is designed to process gaseous hydrocarbons, including ethane, propane, butane and pentanes, and even higher molecular weight hydrocarbons. When processed and purified into finished byproducts, all of these are collectively referred to as natural gas liquids or NGL.
