When Iran was engaged in the
eight-year imposed war, Qatar had awarded attractive contracts to international
companies to recover gas and condensate from the gas field. That is why
pressure fall-off is seen in the Iranian sector of South Pars. To resolve this
problem, Iran has sought assistance from France's energy giant Total which
plans to build offshore pressure booster platforms. Until that time, plans are
under way to develop North Pars gas field. The CEO of Pars Oil and Gas Company
(POGC), which operates the South Pars development, has announced that North
Pars is planned to be developed only in the offshore sector.
The North Pars
development bears significance because trading of gas, which is abundant in
Iran, is among the important plans of the Iranian Ministry of Petroleum in
which is situated 120 kilometers southeast of Bushehr Province at a depth of
3,500 meters and 10-15 kilometers away from land, holds more than 57 tcf of gas
international conference in Tehran, Iran offered North Pars along with 50
others for development under the newly developed IPC model. The North Pars
development is estimated to cost at least $16 billion, $5 billion for upstream
sector and $11 billion for downstream sector (LNG plants).
of gas in North Pars dates back to 1963 when 3D seismic testing revealed this
field. After that, six exploration, appraisal and development wells were
expected to be drilled for the development of the field. In the years leading
to the 1979 Islamic Revolution, Exxon and Lands were in charge of designing and
building facilities for the North Pars development. These activities were
halted in the aftermath of the 1979 Islamic Revolution.
At the time of exploration,
North Pars was the largest proven gas reservoir in Iran and investment in it
was done at high speech. But after the discovery of South Pars, North Pars
became the second priority for investment. South Pars is in the final stages of
development with domestic and foreign investment, and the time has come for the
North Pars development.
signed a memorandum of understanding (MOU) with major Russian companies to
study 10 oil fields. The Russian side has agreed to present the findings of its
studies on North Pars and other fields in the first quarter of 2018.
an MOU with the National Iranian Oil Company (NIOC), CEO of Gazprom Alexey
Miller said: "Today, an important step has been taken for gas cooperation
Gazprom is the
largest producer of natural gas in the world.
So far, 17
wells have been drilled at North Pars and 26 offshore platforms have been
installed. However, production from this field has yet to start as the field
remains untapped. The production capacity of North Pars equals that of four
phases of South Pars. At least 46 wells are needed to be spudded in North Pars
to supply 3,600 mcf/d of gas. This amount of gas could be produced from South
Pars for 25 years. After that, the field would be able to produce gas for a
decade. The recovery rate of the field is estimated at 61%. The North Pars gas
would be used to feed gas refineries in South Pars.
Iranian oil official recently said that financing and hiring new workforce
would constitute Iran's post-sanctions priorities. The development of South
Pars is envisaged in four phases, each with an output of 1.2 bcf/d. The output
from all four phases would be 4.8 bcf/d.
liquefied natural gas (LNG) produced from one phase of this field was agreed to
belong to Iran, while the foreign investor would be in charge of marketing LNG
produced in two other phases. Another phase will inject gas into national
trunkline for domestic consumption.
Courtesy of Iran Petroleum