SP oil layer to yield crude soon

TEHRAN, Mar. 04 (MNA) – Deputy oil minister said crude production from South Pars oil layer will begin as of early April thanks to arrival of the first Floating Production, Storage and Offloading (FPSO) in the Persian Gulf.

Ali Kardor touched upon the latest status of production at South Pars oil layer saying “the first FPSO is still en route to its operational location where it will become installed.”

Managing director of National Iranian Oil Company (NIOC) highlighted that oil recovery from South Pars oil layer, as a joint filed, will become realized as long as early April with an initial output of 20-25 thousand barrels though the figure will climb to 35 thousand barrels per day once the first development phase is accomplished.

He pointed to talks with several international firms for the second development phase of South Pars oil layer asserting that the joint oilfield enjoyed the capacity to produce at least 100 thousand barrels of crude oil per day.

Meanwhile, Managing Director of National Iranian South Oil Company (NISOC) Hamid Bord had recently estimated that South Pars oil layer held over 14 billion barrels of crude oil in place adding “oil recovery from the oil field will begin with one production platform, seven wells in addition to a floating refinery which is equipped with the latest technologies for production, preparation, storage and exports.”

The official emphasized that the recovered oil from South Pars oil layer will enter the FPSO vessel through a 12-inch pipeline for refining processes before being loaded onto export tankers.

Development plan of South Pars oil layer aims at daily production of 35 thousand barrels from the non-joint section of the hydrocarbon field although Qatar has been recovering oil from the joint field since 1991.


News Code 123968


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