Four groups are competing for the contract. They are:
Hyundai Engineering & Constructionand
LG Engineering & Construction, both of South Korea, with the UK’s
Foster Wheeler Energyand the local
Iran Shipbuilding & Offshore Industries Company (Isoico);
Chiyoda Corporationof Japan, with
Daelim Industrial Company of South Korea and local
Industrial Development & local Renovation Organisation (IDRO)and
Petropars;
Paris-based
Technipwith
Oil Industries & Engineering Company (OIEC)and
Saff Offshore, both local; and
Ghorb Khatem, the engineering arm of the Islamic Revolutionary Guards Corps, with
Iran Marine Industries (Sadra).
The project will produce 50 million cubic metres a day of treated gas for domestic use, 1 million tonnes a year (t/y) of liquefied petroleum gas (LPG) for export, 80,000 barrels a day of condensates, also for export, and 1 million t/y of ethane for use in local petrochemical projects. Sulphur recovery on the phases will run to 800 tonnes a day for export, twice the level of previous South Pars projects.
Bidders for the project will also be invited by POGC to offer proposals for the next South Pars development – phases 17 and 18.