TEHRAN (Iran News) – President Hassan Rouhani inaugurated several major gas projects on Sunday afternoon.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 came online by order of President Hassan Rouhani.
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, were officially put into operation in Assaluyeh, southern Iran, by the order of the President via video conference
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, and 3,200 km of 32-inch subsea pipelines, has reached 700 million cubic meters per day.
Two offshore chains of South Pars Phase 14, including construction, installation and commissioning of four gas production platforms, piping and drilling of 44 wells, are among the projects that were officially inaugurated on Sunday.
Pars Siraf Export Port Project in Pars 2 Region was also implemented as an important terminal for storage, loading and export of the liquefied natural gas and sulfur produced by the refineries in the region with an export capacity of 5,000 cubic meters per hour.
The operator of the South Pars Phase 14 development project said an investment of $2.5 billion was made in the project so far, adding the first gas sweetening train of the project’s refinery would come online soon.
Mohammad Mehdi Tavassolipour told a videoconference in the presence of President Rouhani and Oil Minister Bijan Zangeneh to launch the project virtually that the project’s development was aimed at production of 54.6 million cubic meters per day of sour gas and 75,000 b/d of gas condensate from the joint offshore field.
He noted that the offshore section of South Pars Phase 14, which was designed, engineered and executed by Iranian contractors with a capital of $2.5 billion, has already been put into operation, which has achieved the most important goal of this project. “Cumulative production from phase 14 of South Pars bloc has been 36 billion cubic meters to date,” he said.
The official added that the offshore section of the project entails 4 platforms which had started to come on stream since May 2018.
Furthermore, he said that the project has made 86% progress so far and its first refining train will come online soon.