Baku, Azerbaijan, Sept. 2
By Emil Ilgar – Trend:
Iran plans to develop 37 new gas fields to compensate the decline in South Pars output, expected to occur in 2023.
Iran’s state news agency IRNA reported Sept. 2 that the South Pars – a joint field with Qatar – is expected to face pressure fall in coming years, but the country would compensate it with developing 37 new gas fields at South Zagros region in coming years.
The cumulative gas production from South Pars reached 3.4 trillion cubic meters (tcm) as of now, Iran's Oil Minister Bijan Namdar Zanganeh said last week, adding that Iran's output was 1 tcm.
South Pars’ reserves are estimated to stand at above 30 tcm, of which 14 tcm is in Iranian side of the field.
Iran plans to increase output of the field by 100 million cubic meters per day (mcm/d) to 530 mcm/d by March 2017 and overtake Qatar for the first time.
Tehran also plans to complete developing all 24 phases of the field by 2021 and increase the output level to 800 mcm/d.
However, the field's pressure is expected to fall significantly in 2023.
Currently South Zagros region produces 200 mcm/d of gas, IRNA reported.
Iran produces about 735 mcm/d of raw gas currently.