INSUBCONTINENT EXCLUSIVE:
consumption due to the cold weather, the president said the completion of the South Pars phase 11 development plan would have had a
significant impact on balancing the current mismatch between production and demand.When fully developed, the South Pars phase 11 will have a
production capacity of two billion cubic feet per day or 370,000 barrels of oil equivalent per day
The produced gas will be fed into Iran's gas network.Iran had previously awarded the development of the phase 11 project to a consortium
Company (NIOC), however, Total and CNPCI pulled out of the project in 2019 due to the United States sanctions.Currently, Petropars is
developing the phase 11 project after its partners left the contract.The drilling operation for the first well of mentioned phase was
officially started in December 2020
In the early production stage, the output of this phase will reach 500 million cubic feet (equivalent to 14 million cubic meters) per
billion barrels of condensate
The field is divided into 24 standard phases.EF/MA
