Iran says South Pars development will fully finish by March 2021

[Tom Kirkman + 8,860]

From Iran's state sponsored 'Press TV' so take with a few grains of salt.  Think of Iran's Press TV as akin to U.S. CNN.  Actually, season with as many grains of salt as you feel necessary.

On the other hand, reading Iran's Press TV can be an amusing window into an alternate reality universe.  (Hey, it's a slow news day today ...)

 

Iran says South Pars development will fully finish by March 2021

Iran’s oil minister Bijan Namadar Zanganeh says the country would wrap up development work at South Pars gas field, the world’s biggest natural gas reserve located in the Persian Gulf, by late March 2021 when the current Iranian calendar year comes to its end.

“Development stages for the massive South Pars gas field will finish this year,” said Zanganeh on Thursday in an interview with the IRIB news agency.

The comments came hours after an Iranian contractor responsible for developing the Phase 11 of South Pars began installation work for a supersize jacket that is expected to hold the 11B drilling platform.

Zanganeh said installation of the jacket is a major part of building out Phase 11, the last and most complicated of all 28 phases of South Pars in terms of development. He added that once the rig is fully installed, the contractor would be able to drill 12 offshore wells on the site of the project.

Iran hopes full development of phase 11 of South Pars could increase production by nearly 57 million cubic meters (two billion cubic feet). That comes as the project had stalled for two years after French energy giant Total and China’s CNPC withdrew under increasing pressure from the United States.

Zanganeh said total production from all phases of South Pars would top 750 million cubic meters per day until the end of the current calendar year in March.

The minister said that would mean a triple increase in production from the field compared to 2013, when the current administrative government took office.

 

 

[Douglas Buckland + 6,308]

Fantastic....where are they going to sell or store this gas?

[Dan Warnick + 6,100]

23 minutes ago, Douglas Buckland said:

Fantastic....where are they going to sell or store this gas?

China?

[notsonice + 1,255]

19 minutes ago, Dan Warnick said:

China?

Turkey

[Douglas Buckland + 6,308]

American Samoa?