BAKU, Azerbaijan, August 25. Iran’s daily gas production from the Iraq-Qatar joint South Pars gas field (called North Dome in Qatar), will increase by about 40 million cubic meters on average, during the current Iranian year (March 21, 2022 through March 20, 2023), Managing Director of Iran's Pars Oil & Gas Company (POGC) Mohammad Meshkinfam told ILNA, Trend reports.
The director noted that certain steps are taken to increase production from the field. An example of these steps is the development of the 11th phase of the South Pars gas field. The phase will be put into operation at the beginning of the next winter.
Meshkinfam added that currently, work is underway to increase the pressure on the platform that will be placed in the mentioned phase.
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.
Over the last Iranian year (March 21, 2021 through March 20, 2022), Iran produced a total of 231 billion cubic meters of rich gas from the South Pars gas field. Reportedly, Iran's gas production from the mentioned field reached 705 million cubic meters per day at the end of the last Iranian year.
In 2017, the project to develop the 11th phase of the South Pars gas field was entrusted to France's Total, China's CNPCI and Iran's Petropars. However, the foreign companies have refused to carry out operations at the 11th phase of the South Pars gas field as a result of US sanctions against Iran. As a result, the operations at this phase were fully entrusted to the Petropars Operation and Management Company (POMC).
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