TEHRAN- The second platform of Iran’s South Pars gas field’s phase 22-24 of development was installed on its designated offshore spot on Thursday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced.

While starting operation, platform 24A is planned to produce 500 million cubic feet (14.2 million cubic meters) of gas per day.

Installation of this 2,300-ton platform, compared to the other platforms of South Pars, was the fastest one, Farhad Izadjou, the operator of phases 22-24, announced.

Phases 22-24 are expected to produce 56 million cubic meters of sour gas, 75,000 billion barrels of gas condensate, and 400 tons of sulfur per day, in addition to 50 million cubic meters of methane, 2,900 tons of LPG and 2,750 tons of ethane.

South Pars is divided into 24 standard phases of development in the first stage. Most of the phases are fully operational at the moment.

The huge field, which Iran shares with Qatar in the Persian Gulf, covers an area of 9,700 square kilometers, 3,700 square kilometers of which, called South Pars, are in Iran’s territorial waters. The remaining 6,000 square kilometers, called North Dome, are situated in Qatar’s territorial waters.

The field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.

MA/MA