By John Lee.
Iran plans to start producing gas and condensate at Phases 17 and 18 of the South Pars offshore deposit by late March, according to a report from Bloomberg.
The onshore facilities of this project will be constructed in Asalouyeh region, some 100 kilometers from Asalouyeh coast.
The offshore facilities of this project include four drilling platforms with 44 wells, two 32-inch submarine pipelines for transferring the gas, and two 4-inch pipelines for transferring Glycol solution.
Hassan Jahangiri, implementation and project manager at the Pars Oil and Gas Company (POGC), said the two new phases will produce a combined 50 million cubic meters a day of gas and 80,000 barrels a day of condensate, which will be used as feedstock to triple its output of petrochemicals.
Iran is seeking to triple production of petrochemicals over the next decade from the 60 million metric tons a year it makes currently.
(Sources: Bloomberg, POGC)