CEO of Petropars Group Announces:
Demonstration of Petropars Group's Capabilities with the Launch of the Seventh Well of Phase 11
In alignment with efforts to address the country’s gas supply-demand imbalance, the production and commissioning of the seventh well of Phase 11, along with the second train of the 11B processing facilities, has commenced as we approach the cold season.
According to the Public Relations and International Affairs of Petropars Group, Dr. Hamidreza Saghafi, the CEO, announced that alleviating the gas imbalance across the nation is Petropars’ top priority. The recent commissioning of the seventh well in location SPD11B of South Pars Phase 11 signifies an accelerated response towards stabilizing the gas supply.
Dr. Saghafi hailed this milestone as a critical step in boosting national gas production. He emphasized that thanks to the round-the-clock dedication of Petropars specialists, the application of advanced technical expertise, and the adoption of cutting-edge drilling technologies and optimized gas extraction processes, this well was brought online in record time. This achievement highlights Petropars Group’s strong capabilities in achieving its development and national objectives.
The CEO extended his gratitude to Petropars Group colleagues and acknowledged the exceptional support from South Pars Oil and Gas Company managers and staff. He added, “As we face the winter season and an increasing national demand for natural gas, the launch of well number 12 in the SPD11B location of the South Pars gas field—reaching a depth of 3,557 meters—along with the seventh well entering production, represents a significant step toward enhancing production capacity and reducing the national gas imbalance.”
Ali Nadiran, Project Manager of the South Pars Phase 11 Development at Petropars, underlined Petropars’ commitment to alleviating the gas imbalance and fulfilling its obligations promptly. He stated, “With this well entering production, the field’s daily capacity has risen from 15 million cubic meters to 18 million cubic meters.”
Nadiran further noted that through strategic technical and managerial initiatives, Petropars has not only reduced project costs but also paved the way for a daily production capacity increase of up to 2.5 million cubic meters.
In conclusion, he added, “Based on the project timeline and established plans, substantial cost savings have been achieved. Once well stimulation operations are completed, the daily production from this well is expected to increase to 3 million cubic meters.”