SOUTH PARS: 60 MCM/D
The main phase of the massive offshore South Pars gas field will be producing more than 60 mcm/d of gas before the start of winter, an official with Petropars company said.
Hadi Mir-Baqeri said the 60-mcm output is expected as the third and fourth trains of the Phase 12 refinery are to become operational.
He said that Phase 12 refinery is expected to process 1 bcf of gas.
Mir-Baqeri said the first cargo of NGL has also been loaded from Phase 12 of South Pars which Iran shares with Qatar.
Managing-Director of Pars Oil and Gas Company Ali-Akbar Shabanpour said recently gas desalting operations have been successfully carried out in the second unit of South Pars Phase 12 refinery.
He said the refinery is currently producing 900 mcf/d of gas, adding that the production will reach 1 bcf/d on Platform A.
At present, Phase 12 is producing 12 mcm/d of gas.
Installation of platforms B and C of Phase 12 of South Pars are expected to be completed in this month.
All wells of this phase are ready to start gas production.
Phase 12 of South Pars gas field is developed to produce 75 mcm/d of rich gas for feeding national pipeline (50 mcm/d) and liquefied natural gas (LNG) production units. This phase is also forecasted to supply 120,000 b/d of gas condensate and 750 tons a day of sulfur.
Petropars is the main contractor for this phase development.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.