South Pars Phase 12

General Information:

Based on its proven track record and commitment to deliver world class projects on schedule and within budget, Petropars has also been awarded the contract to develop the South Pars Gas Field Phase 12 on nomination basis based on buy-back scheme which has been approved by High Economic Council.

Phase 12 field is the south eastern block of the South Pars Gas Field and is on the border with Qatar and covers an area equal to 150 km2. The initial Wet Gas In-place for the South Pars Gas Field has been estimated 501.4 TCF wet gas (approximately 471.3 TCF dry gas). SP12 Block with volume of 35 TCF wet gas contains almost 7% of South Pars Gas Field estimated dry gas.

This field shall be developed to produce 3000 MMSCFD reservoir fluids from three wellhead platforms, 1000 MMSCFD each, and to transport the fluids, after separation of free water to the Onshore Gas Plant which is located in Tombak area some 65 km west of Assaluyeh, where the onshore treatment facilities are installed at a distance of approximately 145 Km from offshore dedicated block.

Client: NIOC
Service Contract Signing Date: 16 July 2005
Service Contract Effective Date: 15 August 2005
Type of Contract: Buy-Back
The Development Operations: 66 months
The target for maximum utilization of Iranian Content: 51%
First Production Stage: 52 months (500 MMSCFD)

The Scope of Development Operations:

Provision of management and supervision for the entire development operations.
Surveys, Basic Engineering, Seismic and Subsurface Studies associated with the development operations.
The drilling and completion of 36 development wells.
Three unmanned Wellhead Platforms equipped with the required production facilities along with ancillaries.
Three 32” export Sea-lines (each with a 4.5" piggy-back line) with the normal flow rate of 1000 MMSCFD. Each Sealine (approximately 145 km) will be installed to transport three phase fluids from the Wellhead Platforms to the Onshore Gas Plant.
Condensate loading system and metering facilities including PLEM and SBM
Onshore Gas Plant for sweetening of 3000 MMSCFD (6×500 MMSCFD) for delivery to IGAT VI, as well as delivery of 2000 MMSCFD wet sour gas to Iran LNG.
NIOC Operating Base for importing the materials and equipment, sulphur loading and storage as well as Hydrocarbons exporting.

Final Products:

Products
Quantity

Destination

Threated/dry/lean gas
‎2850 MMSCFD

IGAT VI‎

Desulphurized stabilized condensate
‎120,000 bpd‎

Export

Granulated Sulphur
‎750 tones/day‎

Export

Alternatively: LNG Feed Gas 1945 MMSCFD Iran LNG