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Iranian President to inaugurate phases 4, 5 of South Pars gas field

Tehran, April 9, IRNA-The projects for development of phases four and five of South Pars gas field will be open and operate officially next Saturday in the presence of President Mohammad Khatami.

Public Relations Department at Oil Ministry said the projects aimed daily production of 50 million cubic meters of natural gas, 80,000 barrels of gas condensates, 400 tons of sulfur and one million tons of ethane as the feedstock for Jam Petrochemical Facility, as well as exporting 10.5 tons of liquid gases a year.

The buy-back projects for development of the phases started in August 2000 by National Iranian Oil Company in partnership with Italian Enni, with sixty percent stake, with Petropars company, with 20 percent stake, and with Niku Company, with 30 percent stake.

The projects featured construction of two giant submersible sea platforms, and sea jackets, drilling 13 out of 24 wells, laying 32-inch sea pipelines on more than 100 kilometers, production of 56-inch pipelines for transfer of gas from Kangan refinery on more than 67 kilometers of lands.

The project also featured construction of 142 thermal convertors and under pressure utensils, construction and installation of desalination facilities, manufacturing of cables and precise instruments, production of different kinds of industrial paints, designing and implementing civil operations and construction of the two-layer tankers, maintenance of the LPGs for the first time in the country, and installation of steel structures in the refinery.

More than 17,000 work force were involved in the three-year project for construction of the onshore and offshore refinery.

The project has raised Iran's share in extraction of gas reserves from South Pars.

Transfer of technical know-how and promotion of the knowledge standards of Iranian experts as well as growth in Iran's share in production of spare parts and related services are among other achievements of the project.

South Pars gas field contains more than eight percent of the world's and more than half of Iran's gas reserves.

... Payvand News - 4/9/05 ... --

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