by P. Homewood, Dec 27, 2020 in NotalotofPeopleKnowThat
Drilling operations of the first well of the game-changing but highly-controversial Phase 11 of Iran’s supergiant South Pars non-associated natural gas field officially began last week. Significant gas recovery from the enormous resource will commence in the second half of the next Iranian calendar year that begins on 21 March 2021. The long-stalled Phase 11 development supposedly saw the withdrawal of all Chinese involvement in October 2019. In reality, though, China is still intimately involved in its development and is looking to further scale up its activities following the inauguration of Joe Biden as U.S. President on 20 January.
The new field is expected to eventually produce 57 million cubic metres per day (mcm/d), about a tenth of Iran’s current output.
The article goes on to describe how China got around US sanctions on Iran, after taking over Total’s 50.1% stake in the project in 2018: