Managing Director of Pars Oil and Gas Company (POGC) Ali Akbar Shabanpour said the two phases will become productive once the last two platforms of the phases are installed at their designated spots over the offshore phases.
Iran Shipbuilding & Offshore Industries Complex Co (ISOICO) is constructing the two platforms at Khorramshahr yard in Bandar Abbas, south Iran.
“Once the two platforms are installed, production and recovery of gas will start from the phases,” Shabanpour said.
He said drilling operations are going on in Section B of the two phases according to schedule, and the two platforms will be installed over the phases before the end of the current year.
South Pars is part of a wider gas field that is shared with Qatar. The larger field covers an area of 9,700 square km, 3,700 square km of which are in Iran’s territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square km, referred to as the North Dome, are in Qatar’s territorial waters.
The Iranian gas field contains 14 trillion cubic meters of natural gas, about 8% of the world’s reserves, and more than 18 billion barrels of condensate resources.
