BAKU, Azerbaijan, October 14. Iran's South Zagros Oil and Gas Production Company (SZOGPC) has spent a total of $281 million on gas compression stations aimed at increasing production at its gas fields, the company’s CEO Mahmoud Mirbagheri, told reporters, Trend reports.
Mirbagheri noted that each gas compression station required an average investment of $60-70 million.
He noted that the South Zagros Oil and Gas Production Company operates oil and gas fields across three provinces: Fars, Bushehr, and Hormozgan. The “Tabnak,” “Homa,” “Shanol,” and “Sarkhun” gas fields are in the second half of their operational lifespan, with about 60 percent of their recoverable hydrocarbon reserves already extracted, creating a need for infrastructure renewal and pressure enhancement.
The South Zagros Oil and Gas Production Company currently operates nine gas fields: Aghar, Dalan, Nar, Kangan, Sarkhun, Tabnak, Homa, Varavi, and Shanol, along with three oil fields, Saadatabad, Sarvestan, and Khesht.
The Central Oil Fields Company administers a portfolio of 84 hydrocarbon extraction sites distributed across 11 provinces in Iran, with a current operational status of 13 gas fields and 13 oil fields having undergone development to date. The organization’s peak throughput capability is quantified at roughly 250,000 barrels of crude oil and 250 million cubic meters of gas on a daily basis.
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