The Iranian Government has advanced development of the South Pars gasfield to reduce its dependence on liquid fuels, according to a report by GlobalData.
Entitled Iran South Pars Phases 20 and 21 Project Panorama – Oil and Gas Upstream Analysis Report, the report provides details of the next phases of development of the South Pars field.
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Production from the South Pars field accounts for approximately 55% of Iran’s domestic natural gas consumption. Consumption rates have increased dramatically recently from 70 million to 500 million cubic metres a day, leading to increased usage of liquid fuels.
The Iranian Government plans to reduce dependence on liquid fuels and increase exports of petrochemical products through increased gas production. As a result, the remaining phases 20 and 21 of the South Pars field are being expedited by the country's government through the implementation of the Joint Comprehensive Plan of Action announced in January 2016.
Earlier scheduled to be implemented in 2020, these phases are expected to start production in 2017. The first sweetening train was tested and the second onshore unit for phase 21 completed in December 2016. The remaining two sweetening trains are expected to be complete by March 2017.
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Once online, the project is expected to achieve peak production rates of 1.7 billion cubic feet a day of natural gas, 76,000bpd of condensate, and roughly 33,000bpd of natural gas liquids.
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