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4 wells drilled at South Pars phases 6-8

Source: shana 11/28/2004, Location: Asia

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TEHRAN (PIN) -– Deputy managing director of Petropars Company for offshore affairs told Petroenergy Information Network that total drilling at phases 6 and 7 of South Pars Project reached 22,961 m and 21,342 m, respectively by the end of November 20.

Ali Ne’matollahi added that Statoil Company has drilled one appraisal wells at phase 6 while three more wells have been completely drilled and tested.

The tests showed that production from each well can be increased 20-30 percent,” he said. He noted that total progress of South Pars phase 6 through 8 has reached 42 percent by the said date, adding, “Engineering and construction operations for topsides are being carried out by Sadra. The company was also in charge of building jackets for the phases, which ended August 2004.”

Development project for South Pars phases 6-8 aims at producing 80 million cu. m. sour gas, 120,000 barrels gas condensate as well as 1.2 million tons liquefied petroleum gas (LPG) for exports and the project is to be complete in 2006.

Annual revenues from the said phases will amount to 1.876 billion dollars considering 4 cents for every cu. m. natural gas.


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