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EghtesadOnline: In line with plans to fast-track gas production from South Pars Gas Field in the Persian Gulf, the last offshore platform of South Pars Gas Field's Phase 19 has been successfully installed, the phase's contractor said on Monday.

“Platform 19B, which weighs 1640 tons, was constructed at an estimated cost of $150 million. It has the capacity to extract 500 million cubic feet (over 14.2 million cubic meters) of natural gas per day,” Hamidreza Masoudi was quoted as saying by Shana.

According to the official, platform 19B is connected to platform 19A via an 18-inch pipeline will be fully operational by April.

"Platforms 19A and 19C with the capacity to extract 14 mcm/d and 28 mcm/d of gas, respectively have already been installed," he added, noting that as soon as the new platform goes on stream, the whole phase will move 56 mcm/d of gas to a refinery located in the Pars Kangan region of Pars Special Energy Economic Zone (PSEEZ) where it will be processed and injected into the national gas grid, Financial Tribune reported.

Moreover, the phase will produce 75,000 barrels of gas condensate, 1 million tons of liquefied natural gas and 1 million tons of ethane per year.

Masoudi said that more than 7.2 million barrels of condensates, worth $1.4 billion, have been shipped to target destinations from Phase 19 during the past year.

The official added that Phase 19 was developed by a consortium of Petropars Limited, Petropars Iran and Iranian Offshore Engineering and Construction Company under an engineering, procurement and construction (EPC) contract.

According to Masoudi, Phase 19 complies with all health, safety and environment (HSE) protocols ratified by the National Iranian Oil Company.

Phase 19 is one of the few South Pars phases designed with advanced equipment for curbing associated petroleum gases that are burned off in flares.

South Pars Iran gas Iran gasfields