BAKU, Azerbaijan, September 9. Daily production capacity at Phase 11 of the South Pars gas field, shared between Iran and Qatar (known as the North Dome in Qatar), has risen by 2 million cubic meters following the launch of the 9th well, the CEO of Iran's Pars Oil and Gas Company (POGC), Touraj Dehghani, told reporters, Trend reports.
The official noted that current production at Phase 11 now stands at about 800 million cubic feet per day (around 23 million cubic meters), compared with 720 million cubic feet previously (around 20 million cubic meters). Over the past year, Phase 11 has yielded a total of 137 billion cubic feet (nearly 4 billion cubic meters) of rich gas.
Dehghani underscored that bringing the 9th well online is a significant leap forward in nurturing the joint gas field with Qatar and tackling Iran’s homegrown energy demands.
South Pars gas field (North Dome in Qatar) is a joint gas field of Iran and Qatar. It is reported that the gas reserves in this field are 51 trillion cubic meters, of which 36 trillion cubic meters can be produced. Iran's share in this field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.
The South Pars gas field in Iran encompasses a total of 24 operational phases, each contributing to the overall hydrocarbon extraction and production strategy within this significant offshore resource. Current data indicates that Iran is generating an output of 700 million cubic meters of gas per day from these operational phases. It is projected that Iran has allocated a staggering $90 billion towards this sector.
It has been observed that approximately 33 percent of the extractable hydrocarbons from the gas reservoir is attributable to Iran. From the Iranian perspective, the hydrocarbon reservoirs have undergone extensive development initiatives spearheaded by domestic entities, whereas the Qatari sector has predominantly seen the extraction and operational activities conducted by international corporations.
The French company Total and the Chinese company CNPCI stopped working on phase 11 of the South Pars gas field following US sanctions against Iran. Therefore, the activities in this phase are fully entrusted to the Iranian Petropars company.
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