INSUBCONTINENT EXCLUSIVE:
port in the southwestern Bushehr Province, Raisi opened the project and met with local people as well as oil industry managers and
experts.South Pars Phase 11 will initially produce 15 million cubic meters of gas per day before raising recovery to 56 million cubic meters
of gas, 50,000 barrels of gas condensate, and 750 metric tons of sulfur per day.The gas from South Pars Phase 11 will be transferred to the
onshore refinery of Phase 12, where it will be processed and injected into the national gas network.According to Head of the National
Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr, South Pars Phase 11 will have 24 wells and generate an annual income of $5 billion once
the National Iranian Oil Company (NIOC), however, Total and CNPCI pulled out of the project in 2019 due to the United States sanctions.The
mentioned phase was finally developed by Petropars after its partners left the contract
The drilling operation for the first well of the mentioned phase was officially started in December 2020.South Pars field, which Iran shares
reserves, and approximately 18 billion barrels of condensate
The field is divided into 24 standard phases.EF/MA
