Gas, Condensates Output in Iran's South Pars Up by 15%: Official
TEHRAN (Tasnim) – The managing-director of Iran’s Pars Oil and Gas Company (POGC) announced that total production of gas and condensates in the South Pars gas field in southern Iran increased by 15 percent during the last Iranian year, which ended on March 19.
Gas condensate output from the gas field reached 120 million barrels last year, showing a 15-percent rise compared to 104 mb produced a year earlier, Shana quoted Ali Akbar Shabanpour as saying on Saturday.
The total gas produced in the gas field last year also witnessed a 15 percent growth, reaching 130 billion cubic meters, compared to the year before in which the figure amounted to 113 bcm, he added.
The South Pars gas field, whose development has been divided into 28 phases, is located in the Persian Gulf straddling the maritime border between Iran and Qatar.
It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.
South Pars is part of a wider gas field that is shared with Qatar. The larger field covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters (South Pars) in the Persian Gulf. The remaining 6,000 square kilometers, referred to as the North Dome, are in Qatar's territorial waters.
