Project Profile
Value: US$12 billion
Location: South Pars, on border with Qatar, Iran
Area: 150 km2
Reserves: unknown
Start-up: 2016
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.
Operators:
Petropars: Operator with 40% interest
ONGC Videsh Ltd. and NPC: 40% interest
Sonangol: (Pulls out of project as of Feb 2012)
Contractor:
Daelim Company: EPC2 contract
Iranian Offshore Engineering and Construction Co. (IOEC): Building the second and third main structures
Maire Tecnimont: EPC3 contract