SP Gas Field Production Capacity to Exceed 730 MCM/D Next Year: Official
TEHRAN (Tasnim) – The chief executive of the Pars Oil and Gas Company (POGC) said Iran’s gas production capacity in the South Pars gas field will surpass 730 million cubic meters per day (mcm/d) in winter of the next Iranian calendar year (to start March 21, 2024).
Mohammad Hossein Motejalli stated that a 30 mcm/d increase in winter output of the world’s largest joint gas field has been planned through putting several wells of Phase 11 and platform 13A as well as a new pipeline of Phase 16 into operation, SHANA reported.
Shared by Iran and Qatar in the Persian Gulf region, the South Pars gas field holds 50 percent of Iran’s gas reserves and accounts for 70 percent of the country’s gas supply.
Although the development of the gas field started over 23 years ago, different projects for maintaining and increasing its production are underway, the CEO of the company emphasized.
Given Iran and Qatar’s gas extraction in the past years, pressure in the South Pars field’s reservoir has begun to decrease gradually. Hence, pressure-boosting projects are necessary for keeping gas production at its highest level and meeting domestic need.
As Iran’s Oil Minister Javad Owji has said, the country will face a gas imbalance of over 250 mcm/d in winter and it is important to preserve the current production capacity.
In addition to the implementation of energy efficiency projects in different sectors, the increase of gas output is a must.
To that end, Motejalli stated, the development of other gas fields, namely Kish, North Pars, Belal, and Farzad B, is in progress.
An Iranian contractor and its foreign partners are conducting onshore and offshore studies on boosting pressure in the South Pars gas field, he added.
