Total signs South Pars deal

Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and production of phase 11 of South Pars (SP11), the world’s largest gas field.

The project will have a production capacity of 2 bn cu ft per day, or 400,000 barrels of oil equivalent per day including condensate. The produced gas will supply the Iranian domestic market starting in 2021.

SP11 will be developed in two phases. The first phase, with an estimated cost of around USD2 bn equivalent, will consist of 30 wells and two wellhead platforms connected to existing onshore treatment facilities by two subsea pipelines.

At a later stage a second phase will be launched involving the construction of offshore compression facilities, a first on the South Pars field, says Total.

Source: Total

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