Iran steps up South Pars drilling

A second rig has mobilized to the South Pars phases 17 and 18 gas/condensate development in the Persian Gulf, according to Iranian news service Shana.

Offshore staff

TEHRAN -- A second rig has mobilized to the South Pars phases 17 and 18 gas/condensate development in the Persian Gulf, according to Iranian news service Shana.

The program involves drilling 11 new wells. National Iranian Oil Co. plans to bring both phases onstream by mid-March 2012.

To date, drilling on the two phases is 37% complete, Shana says. This area of South Pars is the closest to the median line with Qatar.

Iranian Offshore Engineering Co. is building platform structures for six of the project’s ongoing phases. Twelve decks are under order at the company’s yards in Khoramshahr for phases 12, 17, 18, 19, 20 and 21, and the Persian Gulf oil field Foroozan.

Currently five decks are being fabricated for phases 12, 17, and 18. Each weighs around 3,300 metric tons (3,637 tons). The decks for phases 19, 20, and 21 will weigh over 2,400 metric tons (2,645 tons), with work on the jackets due to start in May. There are also plans to build 10 tripods for phases 12, 17, and 18 in Khoramshahr.

This program should take 30-36 months to complete, employing up to 4,000 construction personnel.

Mousa Souri, managing director of Pars Oil and Gas Co., said last week that $9 billion had been allocated to the South Pars project in the current Iranian calendar year (starting March 21 2010). Total investments this year should reach $11 billion, he added.

2/28/2011

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