South Pars Phase 11 is a conventional gas development located in shallow water in Iran and is operated by Petropars. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block South Pars Phase 11. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. The development cost is expected to be $4,800 m. The South Pars Phase 11 conventional gas development will includes subsea tree and wellhead platforms.
Field participation details
The field is owned by National Iranian Oil.
Production from South Pars Phase 11
Production from the South Pars Phase 11 conventional gas development project is expected to begin in 2023 and is forecast to peak in 2044, to approximately 35,905 bpd of crude oil and condensate and 1,000 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2065.
Remaining recoverable reserves
The field is expected to recover 2,057.98 Mmboe, comprised of 363.70 Mmbbl of crude oil & condensate and 10,165.63 bcf of natural gas reserves.
Contractors involved in the South Pars Phase 11 conventional gas field
Some of the key contractors involved in the South Pars Phase 11 project as follows.
Main EPC: Parham Construction and Rosemond Group
EPC Contractors: National Iranian Oil and Iranian Offshore Engineering and Construction
Other Contractors: MAPNA Group, Imam Hussein University, Krobal, Jamm Design & Development Eng and Lule Gostar Esfarayen
Petropars Ltd (Petropars) a subsidiary of NICO Naftiran Intertrade Company is an oil and gas company that explores, exploits, and develops oil and gas projects. The company offers upstream oil and gas, crude oil, natural gas, and hydrocarbon resources. It offers services which include facilities services, engineering, procurement, construction, designing, fabrication, installation, offshore and onshore services, and others. Petropars also offers acquisition and development, exploration, operations and management, and legal affairs, financial, overseas projects, public relations, internal audit, security, ICT, financial affairs, HSEQ, planning, commercial, contracts, and construction management services. The company also provides petroleum, general, joint venture, tenders, technical knowhow, and project and safety engineering management services. Petropars is headquartered in Tehran, Iran.
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