TEHRAN – The Iranian Ministry of Petroleum is to inaugurate several major gas projects on Sunday, August 1.
The projects include the offshore section of 27 South Pars gas field phases, the first phase of the Siraf Pars export port and two offshore chains of the 14th phase of South Pars gas field which will come online by order of President Hassan Rouhani.
According to Pars Oil and Gas Company, the remaining offshore chains from South Pars and achieving production in the offshore section of 27 phases of South Pars, the first phase of the Siraf Pars export and service port project in Kangan County and two offshore chains of phase 14 of South Pars with the inauguration of four offshore platforms, will soon be officially put into operation in Assaluyeh, southern Iran, by the order of the President via video conferencing.
The offshore section of South Pars phases covers in an area of 3,700 km in the Persian Gulf, and by the end of the previous Iranian calendar year of 1399 on March 20, more than 1.8 trillion cubic meters of gas and 2.2 billion barrels of valuable gas condensate worth $335 billion (considering the price of 18 cents for every cubic meters rich gas) was produced from the area.
The first production platform of South Pars came online in 2001 with a production capacity of 28 million cubic meters of gas per day and the last developed gas platform with a capacity of 14.2 million cubic meters was put into operation in March 2019.
Currently, the daily gas production capacity of the Iranian section of South Pars, the world’s largest gas field with 37 production platforms, 372 wells.