News ID: 262996
Published: 0410 GMT December 15, 2019

Zanganeh: South Pars development creates export opportunity

Zanganeh: South Pars development creates export opportunity

Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran is exporting oil products due to the development of its gas supply know-how and giant South Pars (SP) field.

Iran has various gas resources and 95 percent of population has direct access to gas network, Zanganeh said, reported IRNA.

No country in the world has as many natural gas vehicles as Iran, he boasted.

Iran has discovered new huge oilfield with an estimated 53 billion barrels of crude oil in southern province of Khuzestan.

The oilfield named Namavaran is one of the biggest ones discovered in Iran, the minister noted.

The field has an area of 2,400 square kilometers and is about 80 meters deep, Zanganeh explained.

The Pars Oil and Gas Company (POGC) CEO said in November that daily gas extraction from the South Pars Gas Field would reach 680 million cubic meters (mcm) when new platforms become operational.

Mohammad Meshkinfam added the current gas extraction from the field, jointly shared with Qatar, stands at 630 mcm per day.

According to the plans drawn up for the year to March 2020, domestic companies are assiduously implementing development projects in phases 13, 14, 22 and 24, he added.

The managing director stressed that since SP is a joint gas field, it is of great importance to focus on raising gas extraction from it, adding among the comapny’s major goals in the year to March 2020 is to complete the development projects of the offshore sections of the phases 13, 14, 22 and 24.

He added gas extracted by the two main platforms of the phases 23 and 24B will be processed and injected into the nationwide network after the completion of hookup and commissioning operations in the two phases.

After coming on stream, the new platforms of the phases 22-24 will raise daily gas production in the field by 28 mcm (one billion cubic feet).

Describing the progress of the operations to develop SP Phase 14 as favorable, Meshkinfam said at present, platform B14 of the offshore section of the phase is fully operational and as soon as the completion of a five-kilometer pipeline between phases 14 and 12 becomes operational, it will begin gas extraction.

He noted that the pipeline will begin gas transfer within two weeks.


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