Iran Planning to Issue Tenders for South Pars Phases 17 - 20

South Pars Field, Iran
(Click to Enlarge)
Tenders for development of phases 17, 18, 19 and 20 of the huge South Pars gas field will be held during the current Iranian calendar year (started March 20, 2004).

Deputy managing director of the National Iranian Oil Company (NIOC) told Petroenergy Information Network that the contract for developing phase 16 of the field has been signed and contracts for other phases will be concluded this year.

Mehdi Hosseini added that the South Pars Project will be extended to 25 phases and this would mean daily production of 25 billion cu. ft. (625 million cu. m.) gas.

"Some technical problems has increased the volume of some phases and their daily production is more than 1 billion cu. ft. (more than 28 million cu. m.)," he noted.

The official said that there was a possibility that the number of the field's phases would be less than 25, but daily production of 25 billion cu. ft. natural gas would be unaffected.

"At present, 10 phases of South Pars are being developed and final negotiations for developing phases 11 and 13 are underway.

Direct talks for development of phase 14 to produce GTL have started and will be soon finalized," he said.

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours