South Pars Gas Field
South Pars Gas field is the biggest independent gas reserve in the world which is shared by Iran and Qatar. The field is 105 kilometers away from the Pars Special Economic Energy Zone. The reservoir measures 9,700 square kilometers in total with 3,700 square kilometers owned by Iran. According to latest figures, the field contains more than 14 trillion cubic meters of natural world’s gas reserves and about 48 percent of Iran’s confirmed reserves.
With regards to the vast area of this gas field, its development in various phases with the aim of supplying the increasing demand for the natural gas required for the country’s domestic consumption, injection into the oil fields, exporting gas and condensates. Supplying gas as feedstock for the petrochemical industry is on the agenda of the National Iranian Oil Company (NIOC).
The field is already being developed in various phases; so far 14 gas processing plants have been formulated. With regards to the reservoir’s capacity, the development phases can increase to 28 phases or even more to further development, plus 15 huge petrochemical Complexes and a wide range of downstream petrochemical industries, different related industries, semi-heavy industries, marine industries and a substantial amount of service related facilities are predicted in this zone.
South Pars Development Plan phase 1
The contract for the development of this phase was awarded to the Iranian company "Petro-Pars" as a general contractor in Feburary 1998. investment value on this project is 910 milion US$ on buyback basis.
After completion of all offshore and onshore facilities, operation of its first unit was started in April 2004 and after becoming fully operational, it was officially in November 2004.
South Pars Development Plan Phases 3 & 2
The development execution of these phases were awarded to the consortium of TOTAL of France, Petronas of Malaysian and Gasprom of Russia with the management of Total South Pars (TSP) on September 1997, investment value on these projects is more than 2 billion US$ on buyback basis. This project was inaugurated in February 2003.
South Pars Development Plan Phases 5 & 4
Development of this project started in August 2000 through investing about 2 billion dollars on buyback by the Italian Agip Company (a subsidiary of ENI of Italy) and Iranian company "Petro-Pars".
This project was officially inaugurated in April 23, 2005.
South Pars Development Plan Phases 8 & 7 , 6
Development of the phases which aimed at injecting sour gas into oil wells at Aghajari oil field, this project is started in February 2004 through investing about 1.964 billion dollars on buyback basis by a consortium comprising Iran"s Industrial Development and Renovation Company. The phases are to come on-stream in 2006.
South Pars gas Development Plan Phases 10 & 9
The contracts for phases 9 and 10 were signed in September 2002 with consortium of LG Korea, OIEC (Oil Industries Engineering and Construction) Company of Iran, and IOEC (Iranian Offshore Engineering and Construction Company) and investment value is more than 2 billion US$ based on EPCC by the method of financing.
It is projected that this project becomes fully operational in 2007.
South Pars gas Development Plan Phases 11
Development project for South Pars phase 11 aims at supplying sour gas for Pars LNG Plant. This project is awarded to a consortium comprising the French TOTAL and Malaysian Petronas.
South Pars gas Development Plan Phases 12
Development project for South Pars phase 12 is designed to daily production of 84 million cubic meter of gas which 56 million cubic meters will be the feed of NIOC LNG, or the sour gas will be injected to the oil fields and 28 million cubic meters of gas after treating and sweetening will be allocated to internal consumption.
South Pars gas Development Plan Phases 13 & 13A
Development project for South Pars phase 13 and 13A are designed to supply required sour gas for Persian LNG Plant. These phases were awarded to a consortium comprising Repsol and Shell companies.
South Pars gas Development Plan Phases 14
Development project of this phase is under study.
South Pars gas Development Plan Phases 16 & 15
Development project, for South Pars phases 15 and 16 are designed to produce 50 millions cubic meters of natural gas, 80,000 barrels of condensate, 400 tons of Sulphur per day and 1.05 million tons of LPG per year and 1 million tons of Ethan per year for supplying petrochemical plant as feedstock.
This project is awarded to a consortium comprising Aker Kvaerner and Iranian companies Ghorb and Sadra.
South Pars gas Development Plan Phases 18 & 17
Development project for South Pars phases 17 and are designed to produce 50 million cubic meters natural gas, 80000 barrels of condensate, 400 tons of Sulphur per day and production of 1 million tons of Ethan and 1.05 million tons of LPG per year.
South Pars gas Development Plan Phases 21 & 20 , 19
Development project of above mentioned phases are under study.
