BAKU, Azerbaijan, Dec. 23
By Elnur Baghishov – Trend:
Iran's gas extraction from the South Pars gas field, which is the world's largest gas field, reached 705 million cubic meters daily, the Production Manager of Pars Oil and Gas Company (POGC), Alireza Ebadi said, Trend reports citing the POGC’s website.
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).
According to Ebadi, Iran extracted an average of more than 682 million cubic meters of gas from the field in the 9th month of the current Iranian year (November 21 through December 21, 2021).
The official also added that Iran is currently extracting gas from 37 platforms of the South Pars gas field. This field supplies 70 percent of Iran's gas needs.
"With the improvement of some platforms and wells in the field, the extraction is expected to increase next Iranian year (March 21, 2022, through March 20, 2023)," he said.
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