Gas and gas condensate production from South Pars gas field increased 15 percent in the last Persian year (ended March 20, 2016), announcedthe managing director of Pars Oil and Gas Company.
“South Pars gas condensate production soared 15 percent from 104 million barrels in the Persian year 1393 to 120 million barrels in the last year (1394),” Ali Akbar Shabanpour said.
Also gas production from the fieldsincreased 15 percent to 130 billion cubic meters last year, compared to 113 billion cubic meters output two years ago.
Shabanpour has earlier anticipated that South Pars phases 17 to 21 would come on stream by the end of this year.
The South Pars field is a natural gas condensate field located in the Persian Gulf. It is the world’s largest gas field, shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated 51 trillion cubic meters of in-situ natural gas and some 7.9 billion cubic meters of natural gas condensate.
The giant gas field covers an area of 9,700 square kilometers of which 3,700 square kilometers (South Pars) is in Iranian territorial waters and 6,000 square kilometers (North Dome) is in Qatari territorial waters.