Iran to Boost Gas Output Capacity with New Offshore Platform

Babak Dehghanpisheh
Wednesday, February 26, 2020

Iran will be able to produce more than 1 billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, its oil minister was quoted as saying on Monday by the official IRIB news agency.

South Pars, which Qatar calls North Field, is the world's largest gas field and is shared between Iran and Qatar. 

"Of the two last platforms at South Pars, one was installed today and the next platform will be installed before (March 20)," Iran's Oil Minister Bijan Zanganeh said.

"And so we will have all the platforms of the 27 phases of South Pars, which will enable us to produce more than 1 billion cubic meters of gas per day."

Separately, Zanganeh said that coronavirus is to blame for price fluctuations in the oil market, according to SHANA, the news site of the Iranian oil ministry.

Twelve people have died and 61 have been infected with the virus in Iran, Tehran's health ministry said on Monday.

Several countries in the region have closed their borders with Iran and imposed air travel restrictions after people infected with coronavirus arrived from the Islamic Republic.

Despite the air travel restrictions, Zanganeh said that he would attend a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna next week using Iran Air, SHANA reported. 

(Reporting by Babak Dehghanpisheh; Editing by David Goodman and Jan Harvey)

Categories: Middle East Engineering Production Gas Construction

Related Stories

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Oil Eases After Topping $100, Still Set for Weekly Rise

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Jadestone Energy Lifts Malaysia Production with Second Online Well

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

Oil Climbs on US-Iran Deal Uncertainty

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

ADNOC Launches Global LNG Trading Powerhouse

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com