Pars calls for speed up on South Pars offshore Iran

Offshore staff

TEHRAN, Iran – More investment is needed to accelerate the current development projects on the South Pars gas field in the Persian Gulf, according to Pars Oil and Gas Co.’s managing director, Ali-Akbar Shabanpour.

He suggested a figure of $9.5 billion to Iranian news service Shana.

Phases 12, 15, 16, 17, and 18 are all expected to enter production in the next few years.

Gholam-Reza Manouchehri, managing director of the Iranian Offshore Engineering and Construction Co. (IOEC), said his company was ready to develop Phase 11, assuming the work is allocated to Iranian companies. Phase 11 will likely supply sour gas to the Pars LNG project, producing 2 bcm/d (70 bcf/d) of gas and 70,000 b/d of condensate. 

05/12/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...