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According to Hamid-Reza Masoudi, the
mentioned deals are concerned with the
construction of an off-shore pipeline as well
as the installation of the phase’s SDP11B
platform.
“The engineering, procurement and
implementation activities corresponding to
these two contracts have officially started
since the beginning of the current [Iranian
calendar] month [December 22, 2021]),”
Masoudi said.
In order to transfer and install the
maximum of 1.05 million shares, with a strategic footprint in the refining business in mentioned platform to position 11B in the
minimum subscription of 100,000 shares. North-West Europe (NWE), a fast-growing shortest possible time, after the necessary
Upon completion of the book-building and under-served market. studies we awarded the project to an Iranian
process, the listing of East Pipes is to take Klesch had completed the acquisition of company in the form of an Engineering,
place on the main market TASI, after SNB Equinor Refining in Denmark on December Procurement, Construction and Installation
Capital sets the final offer price. 31, 2021, comprising the refinery, including (EPCI) contract, he said.
ARAB NEWS a terminal in the northwest of Zealand, the The required items and equipment for the
Hedehusene terminal near Copenhagen, as project have been ordered or purchased by
well as associated infrastructure and industrial Petropars based on the Long Lead Items (LLI)
OIL property. procurement method so that the project can
The deal allows ATC to exclusively be completed as scheduled, the official added.
Masirah provides Yumna supply 110 million barrel per day of crude Masoudi said: “The gas and gas condensate
Mentioning the offshore pipeline project,
with a trading opportunity for Arabian
oilfield update crude placement and third-party crude and produced in the first phase of the project
condensate and with a provision for refined
which is expected to be about 11 million
Masirah Oil, a 91.81 percent subsidiary of products offtake, said the statement from cubic meters per day will be sent to onshore
Rex International, said Monday that gross Aramco. It will support Northern Europe’s processing facilities in Pars 2 region through
oil output from the Yumna Field in offshore energy requirements and give ATC the this pipeline.”
Block 50 Oman, in December 2021 amounted ability to supply its customers in the EU from When fully developed, the South Pars
to 8,440 stock tank barrels per day (stb/d). regional capacity, it added. phase 11 project will have a production
“Production was choked back during President and CEO Ibrahim Al Buainain capacity of two billion cubic feet per day
December for reservoir and fluid flow said: “I am delighted to note that this or 370,000 barrels of oil equivalent per day.
optimization and to carry out continuing transaction will give ATC (Aramco) direct The produced gas will be fed into Iran’s gas
maintenance of the Mobile Offshore access to the refining system in Europe.” network.
Production Unit’s production system,” “Hence, this will also pave the way for Iran had previously awarded the
Masirah oil said. creating a framework that will allow similar development of phase 11 project to a
For comparison, production in November transactions in Europe and other parts of the consortium comprised of France’s Total,
2021 was 8,234 stock tank barrels per day energy map,” he added. China National Petroleum Corporation
(stb/d), also choked back for the reasons listed A major player trading in crude, (CNPC), and Petropars which is a subsidiary
above. Masirah Oil is the Operator and holds refined products, LNG and LPG, blending of the National Iranian Oil Company (NIOC),
a 100 percent interest in Block 50 Oman. components, bulk petrochemicals, and however Total and CNPCI pulled out of the
First oil from the Yumna field was achieved polyolefins, ATC now has four global offices project in 2019 due to the U.S. sanctions.
in February 2020. In 2020, 2.12 million in Dhahran, Fujairah, London and Singapore Currently, Petropars is developing the
barrels of oil were produced and sold from the to support its integration model. phase 11 project after its partners left the
Yumna Field. TRADEARABIA contract.
OE DIGITAL The drilling operation for the first well
of mentioned phase was officially started in
Aramco unit seals GAS December 2020. In the early production stage,
the output of this phase will reach 500 million
feedstock supply deal with Development of South Pars cubic feet (equivalent to 14 million cubic
meters) per day.
Klesch phase 11 accelerating covering an area of 3,700 square km of Iran’s
South Pars is the world’s largest gas field,
Aramco Trading Company (ATC), the trading The managing director of Petropars Company, territorial waters.
arm of Saudi energy giant Aramco, has which is in charge of developing phase 11 of The giant field is estimated to contain a
signed an agreement with Klesch Group, an Iran’s South Pars gas field in the Persian Gulf, significant amount of natural gas, accounting
international industrial commodities group, has announced the implementation of two for about eight percent of the world’s reserves,
for the exclusive supply of feedstocks for its new contracts as of December 22, 2021, to and approximately 18bn barrels of condensate.
Kalundborg Refinery in Denmark. accelerate the development of the mentioned The field is divided into 24 standard phases.
This deal with Klesch gives Aramco a phase, Shana reported. TEHRAN TIMES

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