INSUBCONTINENT EXCLUSIVE:
the seventh Iranian calendar month of Mehr (begins on September 21), producing 670 million cubic feet (CF) of natural gas on a daily
said.The minister noted that the development of the mentioned phase has been completely carried out by domestic companies, Shana reported on
Petroleum Corporation (CNPC), and Petropars which is a subsidiary of the National Iranian Oil Company (NIOC), however Total and CNPCI pulled
out of the project in 2019 due to the U.S
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
day.Back in January, the managing director of Petropars Company had announced the implementation of two new contracts as of December 22,
2021, to accelerate the development of the mentioned phase.According to Hamid-Reza Masoudi, the mentioned deals were concerned with the
approximately 18 billion barrels of condensate
The field is divided into 24 standard phases.EF/MA
