Iran to add 30 mcm/d of gas to its production next week

Phases 15 and 16 of Iran’s South Pars gas field will come on stream next week, according to the public relations department of Pars Oil and Gas Company.

 The development of phases 15 and 16 aims to producing 50 million cubic meters of sweetened gas to be supplied to residential, commercial, and industrial units, as well as producing 80,000 barrels of gas condensates to be supplied to refineries, and 400 tons of sulfur to be exported to international markets.

Iran has started early gas production from these phases since late 2014, producing 20 mcm/d of gas and this volume would reach to full capacity (50 mcm/d) next week.

 Moreover, 1.05 tons of LPG (propane and butane) and one million ton of ethane are projected to be produced.

Both onshore and offshore sections of the development plan, processing and refining units have been completed by a consortium of Iranian companies, IRNA news agency reported on December 16.

South Pars, divided into 29 development phases, contains 40 trillion cubic metres (tcm) of natural gas. It covers an area of 9,700 square kilometres, of which 3,700 square kilometres are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometres are situated in Qatar’s territorial waters. The gas field is estimated to contain about 8% of the world’s reserves, and approximately 18 billion barrels of condensate.

Currently Iran produces about 700 mcm per day of enriched gas and plans to increase raw gas production to 1,100 mcm per day by late 2018.