NIOC contracts Petropars for Farzad B gas project offshore Iran

May 18, 2021
National Iranian Oil Co. has awarded Petropars Group a $1.78-billion contract to develop the Farzad B field in the Persian Gulf.

Offshore staff

TEHRAN, Iran – National Iranian Oil Co. (NIOC) has awarded Petropars Group a $1.78-billion contract to develop the Farzad B field in the Persian Gulf.

According to news service Shana, this is a buyback contract, targeting production of 28 MMcm/d of sour gas over five years, with production sent to the onshore facilities of the Pars 2 Region in Kangan for processing.

Here, the gas condensate will first be separated from the sour gas and then transferred to the South Pars Phase 12/19 refineries for stabilization.

Petropars’ work scope includes drilling eight production wells; construction and installation of two main and secondary wellhead platforms, plus liquid separation facilities on the main platform; installing a 230-km (143-mi), 36-in. offshore pipeline to export the sour fluid from the main platform to the onshore facilities, and a 10-in. offshore pipeline of similar length taking the condensate to the shore.

In addition, the company will lay a 3-km (1.86-mi), 20-in. line connecting the three platforms, and will construct receiving equipment on the platforms for the produced sour fluid and condensate separation.

Farzad B is thought to contain 23,000 bcf of gas, with 5,000 bbl of condensate per bcf.

The field is in the Farsi block on the maritime median line between Iran and Saudi Arabia, and around 20 km (12.4 mi) from Farsi Island.

05/18/2021