Sofregaz, France’s oil and gas engineering firm, in a consortium signed a 42 million euros deal with Iran’s state oil firm for the recovery and consumption of flare gas at South Pars’ refinery.
The contract involves curbing the flaring of half a million cubic metres of natural gas per day, reducing carbon emissions, gathering and injecting the flare gas into oil and gas fields for enhanced recovery and preservation, according to the Shana news.
Sofregaz’ services cover the full spectrum of Natural Gas and liquid hydrocarbons treatment, transportation, liquefaction and regasification (LNG). Its consortium partner is Iran’s Sanat Sazeh Samin.
South Pars is the world’s largest gas field, which Iran shares with Qatar. In July, Total signed a deal with National Iranian Oil Company to develop the $2 billion gas field’s phase 11 with CNPC and Petropars earlier this year.
The South Pars phase 11 will have a production capacity of 2 billion cubic feet per day or 400,000 barrels of oil equivalent per day including condensate. The produced gas will supply the Iranian domestic market starting in 2021.