South Pars Phases 6, 7, & 8 Nearing Completion
The last platform in the 6, 7 and 8 Phase of development on the South Pars field has been loaded out, according to a report from a local news source.
A massive project to bring to fruition, the National Iranian Oil Company has dissected South Pars field development into 24 phases, each coming in at around US $1 billion for development costs. The phases incorporate offshore facilities, pipelines and onshore processing components, as well as exporting units and pipelines. Once complete, South Pars will have a daily production rate of 820 million cubic meters of gas a day.
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