For the EPC option, the low bidder at about $1,600 million is understood to be a consortium led by South Korea’s LG Engineering & Construction, with two local companies – Iranian Offshore Engineering & Construction Companyand Oil Industries Engineering & Construction. The other EPC bidder is France’s Technip, in partnership with the local Sunfire Engineering & Management. Both consortia also submitted financing proposals.

Phases 11 and 12 will produce 2,000 million cubic feet a day of gas for domestic use, and condensate and liquefied petroleum gas (LPG) for export.