Petropars to Develop SP11 If China Pulls Out

CEO of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam has said negotiations are under way with China’s CNPCI for a final decision on the development of Phase 11 of the giant offshore South Pars gas field.

He told “Iran Petroleum” that Iran’s Petropars would develop SP11 in case CNPCI quits the project.

The full text of the interview is as follows:

What stage are the remaining phases of South Pars in now? What phases will become fully operational this year?

In response to this question, I have to recall that last March, of a total four production chains in SP13 and SP22-24, two chains comprising four platforms and two offshore gas pipeline strings with capacity of 2bcf (56mcm) became operational. Mr. [Bijan] Zangeneh announced at the inauguration of these phases that two more chains of these phases would come on-stream in the current calendar year. We are making efforts to complete the other two chains of these phases with a capacity of 2 bcf prior to winter and put them into operation.

When will SP14 be completed?

At the moment, platform B of this phase is in the phase of startup and the gas produced in this platform is expected to be transferred on schedule and at the rate of 50 mcf/d (14.1 mcm/d) to SP12 as the closest refinery to the location of this platform by October. Drilling operation for the installation of Platform D of SP14, as the last platform of this phase, is currently under way. We are making every effort to finish the installation of this platform by October. By the end of the current calendar year, a total of four phases of SP14 with a capacity of 2 bcf/d would have become operational.

Will the SP14 refinery be completed by next March?

We are making efforts for the utility of this refinery to come online this year. For the gas trains of this phase, we plan to bring into operation the first sweetening train of this phase and then other trains with a 3-month interval will become operational late this calendar year or early next calendar year.Therefore, SP14 will be complete by late next calendar year.