A high-ranking Iranian energy official says two phases of the South Pars gas field will come on stream by the end of September.
National Iranian Drilling Company (NIDC) Managing Director Hamidreza Golpayegani recently said that more than 95 percent of the drilling work of phases 17 and 18 of the South Pars gas field — which is part of the biggest gas reservoir in the world — has been completed, and the projects will become operational in late September.
He added that 44,129 meters of drilling has been carried out in Phase 17, while 46,991 meters of drilling has been conducted in Phase 18.
It is projected that phases 17 and 18 of the South Pars gas field will eventually produce 50 million cubic meters of natural gas, 80,000 barrels of gas condensates, and 400 tons of sulfur per day.
They will also yield one million tons of ethane and 1.05 million tons of liquefied petroleum gas (LPG) annually.
The South Pars gas field is located in the Persian Gulf straddling the common border between Iran and Qatar. It is estimated that the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates.
The field covers an area of 3,700 square kilometers. The gas production projects in the Pars Special Economic Energy Zone have been divided into 28 phases.
Earlier this month, National Iranian Oil Company (NIOC) Managing Director Ahmad Qalebani announced that all phases of the South Pars gas field will come on stream in the near future.
“Phases 15 and 16 and parts of phases 17 and 18 of the South Pars gas field will become operational by the end of the current [Iranian calendar] year [ends March 20, 2014], while the remaining phases will become operational in the next two years,” Qalebani said.
He also noted that the administrative work for phases 17 and 18 of the South Pars gas field is on the right track.
MP/HGL
This article originally appeared on: Press TV