BAKU, Azerbaijan, June 10. Production from the 11th phase of the South Pars gas field (Northern Dome in Qatar), a joint gas field between Iran and Qatar, grew by 60 percent (eight million cubic meters) in the past 10 months, CEO of the Iranian Petropars Group Hamidreza Saghafi said at the 21st meeting of the joint committee on the development of the above field's 11th phase on June 9, Trend reports.
He indicated that at present, the daily output capacity from the
11th phase stands at 20 million cubic meters; conversely, during
the period spanning July to August of the previous year, this
metric was recorded at 12 million cubic meters.
Saghafi noted that the output from the 11th phase has reached a
cumulative total of 3.4 billion cubic meters (120 billion cubic
feet) as of the present Iranian administration (August 2024).
Following the inception of the current administration, the output
has escalated to an aggregate of 5.1 billion cubic meters
(approximately 180 billion cubic feet).
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.
Iran has 24 phases in the South Pars gas field. It is reported that Iran is currently producing 700 million cubic meters of gas from these phases daily. It is estimated that Iran has spent an astounding $90 billion on the field. It is noted that about 33 percent of the gas that can be produced from the gas field belongs to Iran. On the Iranian side, the gas fields have been developed by Iran, while on the Qatari side, they have been exploited mainly by foreign companies.
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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