Iran to Install 6 New Rigs at South Pars Field

Iran to Install 6 New Rigs at South Pars Field

The Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on May 31 that six new oil platforms will be built at Iran’s South Pars gas field in the Persian Gulf, Mehr News reported.

Ali Afaraideh Ghiyassi said: “The six oil platforms under construction at SADRA (Iran Marine Industrial Company) company’s yard will get ready for installation and pre-startup by [March 21, 2019].”

Iranian companies will carry out the engineering, construction and execution, and a significant amount of the parts and equipment are supplied by domestic producers.

Exports of gas condensate from South Pars rose by 149% in May 2018, according to Mehr News. The field also exported roughly 1.6 million tons of non-oil products worth $754 million.

The South Pars gas field is jointly owned by Iran and Qatar, and is the largest natural gas field in the world, with an estimated 1,800 trillion cubic feet of natural gas and some 50 billion barrels of natural gas condensates.


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