South Pars Gas Output Hit 86 bcm

Source: Shana 4/4/2012, Location: Asia

Gas production from South Pars gas field hit 86 billion cubic meters worth 40 billion dollars during the last Iranian calendar year.

Managing director of the Pars Oil and Gas Company (POGC), Mousa Souri, made the above remarks adding South Pars gas field production capacity rose to 290 million cubic meters per day last year up 42 million cubic meters per day year on year.

Rising gas production from South Pars gas field’s phase 1 by 200 million cubic feet per day, improving refining processes at gas processing plants of phases 6, 7 and 8 in a bid to decline environmental pollution, prevention of flaring associated gases and ceding drilling operations of two production and descriptive wells to domestic contractors at oil layer of South Pars gas field were among the other POGC’s activities last year.

Souri also said that last year the share of local manufacturers in providing South Pars projects’ tools and equipments went up by 5 to 10 percent reaching to almost 70 percent.

The South Pars field is a gas condensate field located in the Persian Gulf. It is the world’s largest gas field and is shared by Iran and Qatar. According to the International Energy Agency, the field holds an estimated 50.97 trillion cubic meters (1800 trillion cubic feet) of in-situ gas and some 50 billion barrels of condensates.


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