1 July 2008 - 10:18
  • News ID: 131764

TEHRAN (PIN) – A US$1.4bn contract to develop phases 17 and 18 of the giant South Pars gas field was signed yesterday between Pars Oil and Gas Company and National Iranian Drilling Company.

According to PIN, NIDC has been employed as an executive contractor to implement all drilling operations on the wells of two platforms of the said phases.

On this basis, NIDC is undertaken to provide and transfer the drilling platform and prepare necessary tools and equipments.

It is planned that the operation will take up to 42 months to drill 27 wells including 25 development wells and 2 delineation wells.

Offshore facilities of the project will be established 100 km off the Assaluyeh shore.

The phases are expected to yield 50m cm/d of natural gas, 80000 b/d of gas condensates, 400 t/d of sulfur, a million t/y of ethane and 1.5 t/y of liquid gas.

On this basis, regarding the phases 17 and 18 of South Pars gas fields stretch over an area that are in Iranian and Qatari territorial waters, some changes have been made in the development plan of the phases by POGC such as increasing the number of the platforms from 2 to 4.

Iran"s Industrial Development and Renovation Organization, Iranian Offshore Engineering Company and Iran"s Industrial Oil Engineering Company are undertaken to implement all projects related to phases 17 and 18. It is planned that the phases will go on stream within next 52 months.

News ID 131764

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