South Pars Phase 11 daily gas production to hit 670mcf

Iranian Oil Minister Javad Owji said Phase 11 of the South Pars Gas Field development project will lead to production of 670 million cubic feet (mcf) of natural gas by September 21.

The minister noted that the development project of SP Phase 11 has been completely carried out by domestic companies, Shana reported on Wednesday.

Iran had previously awarded the development of the Phase 11 project to a consortium comprised of France’s Total, China National Petroleum Corporation (CNPC), and Petropars which is a subsidiary of the National Iranian Oil Company (NIOC), however Total and CNPC pulled out of the project in 2019 due to the US sanctions.

Currently, Petropars is developing the Phase 11 project after its partners left the contract.

The drilling operation for the first well of SP Phase 11 was officially started in December 2020.