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Phases 4 & 5 of South Pars Gas Field Development

  Phases 4 & 5 of South Pars Gas Field Development

With the execution of South Pars Gas field development Phase1 and the outstanding performance of Petropars in the development of this mega project and also with the success of Petropars to win the Phases 6, 7 and 8 of South Pars gas field development project, Iran National Oil Company (NIOC) assigned the development of Phases 4 and 5 of South Pars gas field to a consortium of AGIP (60%), Petropars Ltd. (20%), and Naftiran Inter-trade Company (NICO) (20 %) and under the leadership of AGIP (ENI) in a buyback schema in 2000.

With the execution of South Pars Gas Field Development Phase1 and the outstanding performance of Petropars in the implementation of this mega project and also with the success of Petropars to win the Phases 6, 7 and 8 of South Pars Gas Field Development project, National Iranian Oil Company (NIOC) assigned the development of Phases 4 and 5 of South Pars gas field to a consortium of AGIP (60%), Petropars Ltd. (20%), and Naftiran Inter-trade Company (NICO) (20 %) and under the leadership of AGIP (ENI) in a buyback scheme in 2000. During the implementation of the project, Petropars was a non-operator partner but the presence of Petropars experts working alongside the largest oil contractors in the world such as ENI (Italy), Hyundai (South Korea) and others made it possible to transfer invaluable experience and knowledge to Petropars. Finally, in 2005, the project was successfully put into operation in the shortest possible time which was a record in comparison with similar projects in South Pars Gas Field.

The record of refinery construction in 36 months indicated an important step towards an excellent path beside domestic and foreign contractors.

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Established in 1998, Petropars Ltd. (PPL) was founded in order to contribute towards the development of Iran’s vast energy resources PPL specializes as a developer of exploration exploitation and production in upstream projects... Read more