Latest Project Trackers

Projects Trackers
South Pars Phase 11 (Offshore)
23 February 2020
MD of Petropars: The jacket of this phase will be installed by the end of this (Iranian) year (19th of March 2020).
“The modification on SP phase 11 jacket is being conducted and it is expected to be installed in the ending days of this (Iranian) year. We hope the drilling rig can be installed on jacket in May or maximum June 2020 so as to start the drilling operations. We try to start the early production stage (EPS) of SP phase 11 within a period of 22-25 months and up to July 2021.”
About the tenders held for SP phase 11 he explained: “A part of the tenders have been already held and some are also being held. All tenders have been planned to be held by the yearend. Petropars has used the same vendor list confirmed by TOTAL as well as NIOC simultaneously for the tenders held. Foreigners have been nearly put aside.”
On the issue of constructing pressure-booster platforms for SP phase 11, he added: “Petropars is looking to construct this platform and thus talks with competent technical and engineering companies have already started. There is no problem in this regard with the engineering section; but, since no such platforms have been yet fabricated at Iranian yards, there are no related infrastructures. It is important to organize how and with what means this platform is fabricated, how it is relocated to the sea, and what crane to be used at the relevant site. Nonetheless, our capacities are limited under sanctions and all these issues should be considered and proper engineering design should be prepared.”
About the provision of SP phase 11 financial resources he described: “We attempt to use a financial basket for this project. One of these resources is banks with which we are in talks. Another option- the resources of National Development Fund (NDF), which is also on agenda. There are also Petropars arrears related to the other projects. There is no worry at least for phase 1 of this project.”
On the environmental issues, he added: “A tender was held for the relevant environmental studies and a consulting company was selected among the domestic credible consulting companies which has already started the studies. We hope to receive permission from Department of Environment (DOE) as well.”
Projects Trackers
Farzad A
23 February 2020
MD of Petropars: Petropars has already conducted the pre-master development plan (Pre-MDP) of this field based on the comprehensive studies carried out.
“Indeed, Directorate of Exploration of NIOC first conducted a series of studies over ‘Farzad-A’, and then, under a heads of agreement (HOA) signed with IOOC in 2013, Petropars pursued the studies. Upon assigning the development of these fields to POGC, a contract was signed with POGC and Petropars conducted studies over ‘Farzad A’ and ‘Farzad B’ development project both in surface and sub-surface levels.”
“Currently, a pre-agreement is being prepared so as to start the basic studies of the relevant downstream sector and jacket installation. An appraisal well has to be also drilled, based on which the MDP studies should be also carried out. The development of this field will be then assigned to Petropars under the main contract.”
“The contract for studies over ‘Farzad A’ and ‘Farzad B’ gas fields and the feasibility studies for the injection of the produced sour gas into Aghajari oilfield was signed with a JV of Petropars and a foreign consulting company in 2017. However, the executive operation officially started in late March 2018 with the help of both foreign and domestic consulting companies and Petropars succeeded to offer an economic development model of the field.”
“This contract is worth $1.78 Bln, which is most likely to increase, but, the operation will start with a pre-agreement worth $75 Mln.”
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