Generating 5 billion dollars of income for the country from the development of phase 11 of South Pars

According to the economic correspondent of Fars news agency, Mohsen Khojstemehr, the CEO of National Oil Company, today at the successful installation ceremony of the phase 11 platform of the South Pars field, stated: Phase 11 is the most border phase of Iran in the joint South Pars gas field with Qatar, since 1979, more than In the past 20 years, foreign companies such as Shell, Total, Petronas and CNPC had expressed interest in developing this phase.

He added: “Total signed a contract with Iran in 2016 for the development of this phase, but withdrew from it with a bad promise.”

Khojstemehr pointed out: In the 13th government, the Minister of Oil issued special orders in Mehr 1400 for the development of this phase, and special measures and initiatives were taken so that the production of this phase could be carried out 3 years earlier.

The CEO of National Oil Company said: It takes about 3 years to build a platform for phase 11, but in a new initiative, we used the capacity of the third platform of phase 12, which is one of the largest platforms in South Pars, to install and produce from phase 11.

He emphasized: removing the platform from phase 12 was the first experience in this area, which was not possible to use foreign consultants in this complex engineering operation due to the embargo, but this work was done successfully by relying on internal capabilities.

Khojstemehr said: We had a lot of challenges to move the platform and it was a risky job, and some people thought that this platform needs to be divided into several pieces and then moved. But a big thing happened and the operation of removing the entire platform and installing it in position B of phase 11 was successfully completed.

The CEO of National Oil Company said: “Total Company was supposed to produce gas in phase 11 in 5-6 years, but Iranian experts did it in minimum time and at minimum cost.”

He emphasized: The total value of this project is 4.8 billion dollars and the gas production in it is 56 million cubic meters, and it also generates 5 billion dollars of income for the country every year.

end of message/