TEHRAN, Iran – Italian company Ansaldo Energia has signed a memorandum of understanding (MoU) with subsidiaries of the National Iranian Oil Co. (NIOC) to convert flare gas from the South Pars field in the Persian Gulf into electricity.
News service Shana said the local parties involved are National Iranian South Oil Co., Pars Oil and Gas Co., Iranian Central Oil Fields Co., and Iran Fuel Conservation Co.
Ansaldo Energia will collect and transform associated petroleum gas flared at thePhase 12 offshore complex into electrical power with the help of special turbines produced for this purpose.
The MoU covers production of 600 MW in the first stage, and this will be raised to the capacity of 1,000 MW during the project’s second stage.
According to Shana, Phase 12 is South Pars’ biggest development project to date in terms of the volume of activities, investment and production level.
The entireSouth Pars field contains an estimated 14 tcm of gas.