SP Gas Complex Condensate Output Up 5%

EghtesadOnline: South Pars Gas Complex produced 251 million barrels of gas condensates in 2020, managing director of the major gas complex said.

News ID: ۷۸۶۷۵۷

28 July 2021

"Output showed 5% or 9 million-barrel growth compared with the corresponding period of 2019 when production was around 237 million," Hadi Hashemzadeh was quoted as saying by the Oil Ministry’s news portal.

“Over 650,000 barrels of gas condensate per day are supplied to Persian Gulf Star Refinery in Hormozgan Province and Nouri Petrochemical Complex in southern Bushehr Province as feedstock,” he added.

Hashemzadeh noted that close to 183 billion cubic meters of natural gas, 4.5 million tons of ethane, 1.7 million tons of butane and 2.7 million tons of propane were also processed in the complex during the period.

SPGC accounts for 73% and 92% of total natural gas and gas condensate output respectively in Iran.

"The share of fossil fuel in Iran's energy basket is 74%, of which 50% are produced by SPGC.”

The official noted that South Pars accounts for 96% of liquefied petroleum gas, 100% of ethane and 55% of sulfur produced in Iran.

Data pertaining to 2018 show a rise in output of a variety of byproducts, namely ethane (42%), LPG (35%) and sulfur (35%), compared to the year before.

South Pars, the world's largest gas field shared by Iran and Qatar, was developed in 24 phases, of which 22 phases are operational and Phase 14 is undergoing completion. Phase 11 has not been developed yet.

The huge gas field, which Iran shares with Qatar, covers an area of 9,700 square kilometers, 3,700 square kilometers of which (South Pars) are in Iran’s territorial waters and the rest (North Dome) is in Qatari waters. It is estimated to contain large deposits of natural gas, accounting for 8% of the world’s known reserves and approximately 18 billion barrels of condensates.

“So far, $78 billion have been invested to develop SP since 2002 when the field’s daily output was 32 million cubic meters. The field then accounted for less than 10% of Iran’s gas requirements,” he added.