Each phase of the
South Pars project is estimated to require an average capital expenditure of approximately US$1.5 billion, with most phases led by foreign oil firms in partnership with local companies. In 2010, Iran awarded $21 billion in contracts to domestic companies to develop six phases (13, 14, 19, 22, 23 and 24) of the
South Pars gas field. Among the domestic participants are
Khatam al-Anbiya Construction Headquarters, the engineering arm of the
Revolutionary Guard Corps,
Oil Industries Engineering and Construction, and
Iran Marine Industrial Co. The group also includes
Iran Shipbuilding and Offshore Industries Complex Co.,
Industrial Development and Renovation Organization of Iran, and
National Iranian Drilling Co. Gas production at South Pars increased by nearly 30 percent between March 2009 and March 2010. The field's reserves are estimated at 14 trillion cubic meters of gas and of gas condensates. Production at South Pars gas field is projected to reach 175 million cubic meters per day in 2012.
Project phases construction phases. •
Phase 1 was developed by
Petropars to produce per day of
natural gas, per day of condensate, 1500 tons of LPG per day plus 200 tons of
sulfur per day. •
Phases 2 and 3 were developed by a consortium of
Total S.A.,
Petronas, and
Gazprom to produce per day of natural gas, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. It came online in March 2003. •
Phases 4 and 5 were developed by
Eni and
Petropars, to produce per day of rich natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. •
Phases 6 to 8 are gbeing developed by
Petropars and
Statoil to produce lean gas for re-injection into the Aghajari oilfield, and heavy gas and condensate for export. It involves construction of three offshore platforms in addition to the land-based facilities. Statoil is developing the offshore platforms while
Petropars is developing the land based facilities. A 31-inch (790 mm) pipe will be laid from each platform to the coast. These phases will produce per day of natural gas, per day of
ethane, per day of condensate, 4500 Tons of LPG per day plus 600 tons of sulfur per day. •
Phases 9 and 10 were assigned to a consortium of Oil Industrial Engineering and Construction Company (OIEC) and LG Company. These phases will produce per day of natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. Phases 9 & 10 were inaugurated by President Ahmadinejad in March 2009. •
Phases 11 will produce LNG through the
Pars LNG project. The project was awarded to
China National Petroleum Corporation in 2010 after that France's
Total S.A. was excluded from the project by Iran. •
Phases 12 development begin carried out by
Petropars as a LNG project. This phase will produce per day of rich natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day.
Venezuela's state-owned oil company
Petroleos de Venezuela S.A. (PDVSA) will finance 10 percent of the 7.8-billion-dollar project.
Angola's
Sonangol Group has also been awarded a 20 percent stake in phase 12 project. The Iranian Khatam-ol-Osea Consortium is made up of several large Iranian companies, namely
Khatam al-Anbiya Construction Headquarters Construction Headquarters,
Oil Industries Engineering & Construction (OIEC),
SADRA,
ISOICO,
IDRO, and
NIDC. The contract to develop phase 13 was signed with a consortium comprising
Mapna,
SADRA, and
Petro Pidar Iranian companies and the phase 14 with another consortia consisting of
Industrial Development and Renovation Organization (IDRO),
National Iranian Drilling Company (NIDC) and
Iranian Offshore Engineering and Construction Company (IOEC). These phases will produce per day of natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. In July 2010, the project was transferred to
Iran Shipbuilding & Offshore Industries Complex. At that time, the 2 billion dollars project was already 50% complete. Phase 15 & 16 will be completed by March 2012. •
Phases 17 and 18 development was assigned to a consortium of Industrial Project Management of Iran (IPMI), Oil Industrial Engineering and Construction Company (OIEC), Iran Offshore Engineering and Construction (IOEC) and
Petropars. These phases will produce per day of natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. Phase 17 & 18 will be completed by March 2012. •
Phases 20 and 21 development was awarded to OIEC. These phases will produce per day of natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. In May 2008,
Repsol and
Royal Dutch Shell agreed to exchange block 13 with block 20 or 21 •
Phases 22, 23 and 24 were awarded to
Khatam al-Anbiya Construction Headquarters,
Petro Sina Arian, and
SADRA and are located in the north-eastern frontier of the field. The aim of phases 22, 23 and 24 development is to produce 42.5 million cubic meters of natural gas, of gas condensate and 300 tons of sulfur per day. The three phases also are designed to produce 800 thousands of LNG and 750 thousand tons of ethane per year. •
Phases 25 and 26 are in tender. •
Phases 27 and 28 development was assigned to
Petropars on an
EPC scheme. These phases will produce per day of natural gas, per day of ethane, per day of condensate, 3000 tons of LPG per day plus 400 tons of sulfur per day. ==South Pars Gas Field==