Operator of the project Hamidreza
Masoudi said it has progressed by 77% so far and it will be completed with an investment
of 6 billion dollars.
following a ceremony to load the offshore project's platform on Tuesday,
Masoudi said the platform will be installed at its designated spot in the Persian
Gulf in the coming few days.
He said production from the
phase will start immediately after installation of the platform.
In 2010 a contract valued at
$5.25b was signed for developing the project, he added.
Masoudi dubbed the project as
one of the most domestically developed phases of the field's development,
adding 230 km of seabed pipelines were laid and 22 wells were dug for the
purposes of the project.
Loading of the 2,350-ton
structure began in the presence of Bushehr Governor Fereydoon Hemmati and a
number of officials from Pars Oil and Gas Company and ISOICO.
Installation of the platform
is expected to finish by later January. Once operational, the structure will
produce 14 million cubic meters of rich gas from phase 14 of the offshore gas
The phase is being developed
for production of 56.6 mcm/d of rich gas, 75,000 b/d of gas condensate and 400
tons/day of sulfur.
The project has also envisage
production of 1.05 million tons/year of liquefied petroleum gas (LPG).