Development operations on the South Pars fields in the Persian Gulf (Iran) are moving forward and the Phase 14 (SP14) onshore utility units (processing trains, sulphur recycling plants and gas injection units linked with the Iran Gas Trunkline) are scheduled for completion by March 2018. The SP14 phase is slated to produce 56 mcm/year of gas and 75,000 bbl/year of gas condensates to meet domestic gas demand and supply feedstock to petrochemical units in the Pars Special Energy Economic Zone (Bushehr Province, Iran).
In the meantime, the Phase 11 (SP11) works has also been advancing and all subcontracts are expected to be tendered and awarded by the end of 2017. The operational construction works are slated to begin in early 2018. SP11 should cost US$5bn and will be developed in two stages. It is expected to have a production capacity of 2 bcf/d (over 56 mcm/d or 400,000 boe/d) as of 2021. SP11 will be operated by Total (50.1%), in partnership with Petropars (19.9%), a fully-owned subsidiary of NIOC, and the Chinese state-held oil and gas company CNPC (30%).
The North Dome Field/South Pars gas field is the largest in the world and is shared between Iran and Qatar. Its development on the Iranian side is divided into about 30 phases. In the 2016-2017 fiscal year, the South Pars gas production increased by 150 mcm/d up to 520 mcm/d, which is around 60% of the total Iranian gas production (885 mcm/d).
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