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Posted on 3 juillet 2017 by Eric Saudemont. The field development has been in progress since 2002, however, political turmoil have affected its development after Total and China pulled out of the project. The contract for Phase 11 of South Pars was signed between the National Iranian Oil Company (NIOC) and a consortium comprising Total, Chinese National Company for Petroleum (CNCP) and Petropars Limited (PPL). TEHRAN, Jan. 25 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh says the domestic firm, Petropars, will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corp (CNPC). Due to its location in the South Pars reservoir, this phase is of high significance for Iran. Please try again . Latest News. Iran preparing first gas from South Pars phase 11 22 December 2020 By Wil Crisp. National Iranian Oil Company (NIOC) envisages nearly $5 billion in investment for this phase. The northeast part is in Iran, while the main part is in Qatar, where it is known as the North Field. Drilling operations at phase 11 of the massive South Pars oil field began last week, as Iran continues to build towards the recovery of natural gas from March next year.. “Iran and China last week started drilling operations in Phase 11 of Iran's supergiant South Pars natural gas field officially,” the report carried by oilprice.com said on Tuesday. Production expected to start in the second half of the next Iranian calendar year, Retail Banker International Asia Trailblazer Summit and Awards, Private Banker International Summit and Awards, Arabian Hotel Investment Conference (AHIC), US firm selects fund manager for Oman oil projects, Operator starts heavy oil production at Wafra field, Exclusive news, comment and analysis on the MENA region, Exclusive announcements on project news, bids, awards and updates, The latest Industry data and competitor insights. The oil field boasts vast gas reserves, with an estimated 14.2 trillion cubic metres of gas, alongside 18 billion barrels of gas condensate. Tehran, Nov 7, IRNA - The drilling operation on Phase 11 of South Pars Gas Field in southern Iran began on Saturday, an official reported. Production expected to start in the second half of the next Iranian calendar year. The Egyptian Natural Gas Holding Company (EGAS) exported about 33.9 billion cubic feet (bcf) of natural gas to Jordon through the Arab Gas pipeline in the fiscal year (FY) 2019/20. According to news service Shana, one of his priorities was to firm up the status of the South Pars Phase 11 gas/condensate development in the Persian Gulf. In mid-September 2019, Zanganeh had said that the phase 11 of South Pars gas field’s development project will go on stream by the first half of the Iranian calendar year of 1400 (September 22, 2021). Iranian President Hassan Rouhani ordered start of the jacket installation in the Block-B reservoir of Phase 11 via video conference. PARIS – Total and the National Iranian Oil Co. (NIOC) have signed a 20-year contract for the development of and production from Phase 11 of the South Pars gas field in the Persian Gulf.. Gas recovery from Phase 11, 14 months later Total a signé le lundi 3 juillet avec la Nioc (National Iranian Oil co) le contrat relatif au développement et à la production du gisement gazier South Pars, a-t-il annoncé. Drilling operations at phase 11 of the massive South Pars oil field began last week, as Iran continues to build towards the recovery of natural gas from March next year. © MEED MEDIA FZ LLC Company number 18693 (Dubai Creative Clusters Authority) Registered address: Al Thuraya 1, 20th Floor, Dubai Media City, PO Box 2590, Dubai, UAE. The jacket of Platform B of South Pars Phase 11 project, which was loaded at the yard of Naft Sazeh Qeshm Company (NSQ) on Sadaf 3000 Barge on April 30, and was placed at a depth of 71 meters in the Persian Gulf. Dec 18th, 2020. State-owned Petropars Co. of Iran will develop Phase 11 of giant South Pars gas field alone following withdrawal from the project by China National Petroleum Corp. Dehghan commented that “the project was originally supposed to be financed by a foreign investor [but given] the existing conditions, the National Iranian Oil Company will tap internal instruments and resources like sale of participation bonds.”. On latest development status of South Pars Phase 11 following the signing of a principal contract within a consortium led by Total S.A., Managing Director of the Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said the development of the joint gas phase had kicked off. Technical Specifications of the Project: Gas production amounting to 2000 MMscf/d from South Pars Gas Field Extraction of 1900 MMscf/d sour gas to feed LNG Plant Lukoil and Gazprom signed a Master Agreement to develop Vaneyvisskoye and Layavozhskoye fields in the Nenets region, Russia. NIOC’s Deputy Chief Executive, Reza Dehghan, stated that “in total, the development plan of Phase 11 has 24 wells, two platforms and a gas flow pipeline to the coast, and the second platform will be installed in another location.”. Iran and China last week started drilling operations in Phase 11 of Iran's supergiant South Pars non-associated natural gas field officially, oilprice.com reported. The South Pars gas field, the world's largest, is being developed by Iran and Qatar. Field Development. Offshore compression facilities were planned to be built in the second phase.The South Pars phase 11 project w… Phase 11 The development project for phase 11 will be designed and implemented to supply the required sour gas to "Iran LNG" unit and produce associated gas condensates. Iran started drilling operations on Phase 11 of the South Pars gas field in southern Iran after years of delay, semi official SHANA news agency reported. Latest in Field Development. South Pars Phase 11 will have a 500 MMcf/d gas production capacity. South Pars Field is shared by Iran and Qatar in the Persian Gulf waters in southern Iran. Iran and China last week started drilling operations in Phase 11 of Iran's supergiant South Pars non-associated natural gas field officially, oilprice.com reported. Paris - Total has signed a Heads of Agreement (HoA) with the National Iranian Oil Company (NIOC) for the development of phase 11 of South Pars, the world's largest gas field. Petropars Begins Drilling Operations at South Pars Phase 11 . Source: Tasnimnews. The oil field boasts vast gas reserves, with an estimated 14.2 trillion cubic metres of gas, alongside 18 billion barrels of … 2017-07-19T14:57:06+02:00. Iran has awarded a multi-billion contract to an Iranian company to develop Phase 11 of the South Pars, a project that stalled in 2018 after major companies like France’s Total and China’s CNPC began to pull out under increasing US pressure. The phase will also produce 70,000 barrels gas condensate per day. TEHRAN, Nov. 7 (Xinhua) -- Iran started drilling operations on Saturday on Phase 11 of the South Pars gas field in southern Iran after years of delay, semi official SHANA news agency reported. The National Iranian Oil Company (NIOC) aims to reach production of 57 million cubic meters (mmcm) of gas at phase 11. Refinery Projects Unfazed by Sanctions . While the oil minister had pledged that his ministry will start gas production at Phase 11 during President Hassan Rouhani’s tenure, the extraction will practically begin under the next government, which will take power in summer 2021. Of the 24 wells to be drilled in the Phase 11 of South Pars, five or six ones will be producing gas in late 2021. Proceed to our online shop below to find out more about the features in each package. French Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field. While the oil minister had pledged that his ministry will start gas production at Phase 11 during President Hassan Rouhani’s tenure, the extraction will practically begin under the next government, which will take power in summer 2021. State-owned Petropars Co. of Iran will develop Phase 11 of giant South Pars gas field alone following withdrawal from the project by China National Petroleum Corp. Production expected to start in the second half of the next Iranian calendar year. Neptune closes on North Sea Gjøa P1 start-up. Total a signé avec la National Iranian Oil Company (NIOC), la compagnie nationale iranienne, le contrat portant sur le développement et la production de la phase 11 de South Pars (SP11), le plus grand gisement de gaz naturel au monde. South Pars is a super-giant gas field located in the Persian Gulf. Partners commit to Gråsel project offshore Norway. Norway, UK heading for offshore pickup in 2021 . The produced gas will be fed into Iran's gas network. Dec 18th, 2020. Protecting the GCC's "fragile" construction supply chain. La capacité de production du projet est de 2 milliards de pieds cube par jour, soit 400 000 barils équivalent pétrole par jour en incluant les condensats. Total a signé un protocole d’accord avec l’Iran pour développer la phase 11 du champ gazier géant South Pars, dans le golfe Persique, a-t-il annoncé le 8 novembre. The field is rich with natural resources with estimates of 14.2 trillion cubic meters (tcm) of gas and 18 billion barrels of gas condensate representing about 8% of the world’s gas reserves and accounts for around half of Iran’s domestic gas resources. In comments on the sidelines of launch of drilling work on the first well at Phase 11 of the South Pars gas field on Monday, National Iranian Oil Company official … South Pars Refinery Yields 10 bcm Gas in 7 Months . The consortium will produce liquefied natural gas from sour gas to be produced by phase 11 of South Pars gas field. The South Pars phase 11 project will have a production capacity of 2 billion cubic feet per day or 370 000 barrels of oil equivalent per day. Drilling operations at phase 11 of the massive South Pars oil field began last week, as Iran continues to build towards the recovery of natural gas from March next year. South Pars Phase 11 Drilling Operations Officially Begins. Become a MEED subscriber for unlimited access to: Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. The oil field boasts vast gas reserves, with an estimated 14.2 trillion cubic metres of gas, alongside 18 billion barrels of gas condensate. On top of that, the lack of foreign investment for the South Pars phase 11 development will not ease the financial burden for Iran. Gas recovery from the resource will commence in the second half of the next Iranian calendar year that begins on 21 March 2021, the report continued. MD-1 Offshore Rig Moving towards South Pars Phase 11. Iran preparing first gas from South Pars phase 11 22 December 2020 By Wil Crisp. It is the world's single largest gas accumulation with around 2,120 tcf of gas reserves. The SPQ1 gas platform is seen on the southern edge of Iran's South Pars gas field in the Gulf, off Assalouyeh © Reuters / Caren Firouz Despite being technically bankrupt, Iran is nearing completion of South Pars Phase 11, one of the world’s largest new natural gas developments. Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021. C’était attendu, c’est fait ! The South Pars 11 project (SP11) will have a production capacity of 1.8 billion cubic … TEHRAN (NIOC) _ Drilling operations of the first well of South Pars Phase 11 development project kicked off officially by the order of Iranian Minister of Petroleum Bijan Zangeneh today (Monday, December 14). With phase 11 going online, 56 million cubic meters of capacity will be added to the country’s extraction from South Pars which Iran shares with Qatar in the Persian Gulf. Le groupe Total a annoncé le lundi 3 juillet 2017 la signature avec la National Iranian Oil Company (NIOC) du contrat portant sur le développement et la production de la phase 11 de South Pars (SP11). The facilities will have a production capacity of 2 bcf/d, or 400,000 boe/d including condensate. The produced gas will be fed into Iran's gas network. Your username or password is invalid. Produced gas will supply the Iranian domestic market from in 2021. What is the minister's expectation towards oil prices until the end of 2021? The produced gas will be fed into Iran's gas network. Report summary. The Minister of Trade and Industry, Neveen Gamea, announced that Egypt is preparing for organizing the first technological exhibition for natural gas vehicles (NGV) conversion and replacement which will be launched in January 2021 under the patronage of the Egyptian President Abdel Fattah Al-Sisi in participation of major NGV manufacturers. This comes as the long-stalled Phase 11 development […] Mohsen Rezaei, the caretaker of the development project of Phase 11 of South Pars Field, said that the project aims to excavate about one billion cubic feet of gas from the phase each day. National Iranian Oil Company signed a contract with Total in 2017 for developing the phase 11 of South Pars gas field (Iran shares with Qatar in the Persian Gulf) with an initial investment of $1 billion, marking the French company the first major Western energy investor in the country after sanctions were lifted in … Explore information about our court system. Zangeneh said Phase 11 was the last South Pars phase to be developed, adding the consortium spent 100 million dollars in the project, prior to Total and CNPC’s departure from the plan. Iran began drilling operations at phase 11 of the South Pars oil field last week with aim of recovering natural gas in March 2021.. The page you requested has generated an unexpected error. Petropars is now developing the $4b project alone. Gas recovery from the resource will commence in the second half of the next Iranian calendar year that begins on 21 March 2021, the report continued. Phase 11 of South Pars is the most important gas project introduced for investment at a Tehran conference on the newly developed format of oil contracts. South Pars Phase 11. The field is rich with natural resources with estimates of 14.2 trillion cubic meters (tcm) of gas and 18 billion barrels of gas condensate representing about 8% of the world’s gas reserves and accounts for around half of Iran’s domestic gas resources. According to news service Shana, the rig departed the Soroush oil field on Saturday and was heading to South Pars on the Iranian-Qatari offshore median line. It is the world's single largest gas accumulation with around 2,120 tcf of gas reserves. The northeast part is in Iran, while the main part is in Qatar, where it is known as the North Field. The South Pars phase 11 project will have a production capacity of 2 billion cubic feet per day or 370 000 barrels of oil equivalent per day. Offshore staff. Écrire à la rédaction . This has added pressure to Iran’s financial burdens as figures from GlobalData show that Iran plans to spend $21 billion in capital expenditure (CAPEX) on its oil projects between 2018 and 2021. Offshore drilling operations of phase 11 of the South Pars gas field began with the installation of the drilling rig at the SPD11B border location. Report summary. The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf.It is by far the world's largest natural gas field, with ownership of the field shared between Iran and Qatar. Tehran, Dec 14, IRNA – An official with the National Iranian Oil Company says the initial gas production at the 11th phase of the South Pars Gas Field will begin by the end of next Iranian calendar year when the drilling project and installation of platforms are completed. This comes as the long-stalled Phase 11 development […] The aim is "to achieve a daily production capacity of 1 billion cubic feet of sour gas from the phase," said Mohsen Rezaei, caretaker of the project, adding 12 wells will be developed in two stages. 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