Baku, Azerbaijan, Jan.7
By Fatih Karimov - Trend: Drilling operations at Iran's South Pars gas field phases 17 and 18 have progressed by 99 percent and are nearly complete, IRNA quoted National Iranian Drilling Company's deputy director Mohammadreza Takaidi as saying on Jan. 7.
Drilling operations are now complete by 99.2 percent, he said, adding that the drilled wells will be handed over to the employer in the next 45 days.
The wells are 4,900 meters deep on average, he noted.
South Pars is a joint gas field of Iran and Qatar. The field on the Iranian side holds 14 trillion cubic meters of gas and has been divided into 29 phases, Phases 1 to 8 have been developed completely, Phases 9 and 10 has been operated, but not to full capacity and Phases 11 to 29 are under construction.
Iranian Oil Minister, Bijan Namdar Zanganeh has announced that the Ministry has a special focus on completing and inaugurating the South Pars' gas field phases 12, 15, 16, 17, and 18.
Iran holds around 33 trillion cubic meters of gas reserves, but it doesn't have the capacity to produce natural gas in excess of domestic need for export.
Edited by S.M.