BAKU, Azerbaijan, Nov. 1
By Elnur Baghishov – Trend:
Repair work has been completed on 36 platforms of the Iran-Qatar joint South Pars gas field (called North Dome in Qatar), an official of Iran’s Pars Oil and Gas Company (POGC) Mehdi Tayyibi said, Trend reports citing the company’s website.
The official noted that the repairs began on April 17, 2021 and were completed on October 29, 2021. Compared to last Iranian year, repairs on the field were reduced from 9 days to 8.3 days on each platform.
“As a result of reducing the repair time, on average, more 16.5 million cubic meters of gas and 11,000 barrels of gas condensate were extracted from each platform of South Pars gas field during the reporting,” Tayyibi noted.
As reported, the South Pars gas field (called North Dome in Qatar) is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. Iran has so far spent $90 billion on projects of the South Pars gas field.
The phases of the South Pars gas field are located in an area of 3.7 km. Iran has extracted more than 1.8 trillion cubic meters of gas and 2.2 billion barrels of gas condensate worth $335 billion by the end of last Iranian year (March 20, 2021).
Reportedly, Iran is to spend $25-$30 billion to maintain extraction from the South Pars gas field. Iran extracts daily 700 million cubic meters of gas from this field.
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