The SPD1 platform of Phase 1 can now produce 1bcf/d of gas, he said.
Phase 1 development of the gas field is operated by Petropars (NIOC Pension Fund 60%, Industrial Development and Renovation Organization 40%). Around $300m worth of contracts have been signed with South Korea's Samsung and Sadra (Iran Marine Industrial Company) for the development of the phase. The phase's utility facilities started operating in 2002 and the process facilities were operating by July 2003, giving a total output of one billion cubic feet of gas a day and 40,000bpd of gas condensates.
Your Comment