Tehran, Iran, January 4
By Mehdi Sepahvand –- Trend:
Iran’s extraction of gas from the shared reservoir of South Pars gas field has improved by 20 percent since March, according to CEO of South Pars Gas Complex Company Masoud Hassani.
During the mentioned time, Iran made about $5.6 billion more because of production boost compared to the same period a year earlier, he said, the company’s public relations office reported January 4.
The South Pars came on stream in 2004 by supplying three percent of Iran’s consumed gags. The field’s share of the domestic supply has reached 63.7 percent now.
Hassani said in about a year, the field will be providing for 80 percent of Iran’s gas consumption, equal to 60 percent of the country’s energy gasket. By that time, he added, the shared reservoir’s output will comprise 850 million cubic meters of gas, 720 million cubic meters of sweet gas, four million cubic meters of sour gas, and 2,500 tons of sulfur.
He further said the company will soon reach a gas condensates output of five million barrels.
The South Pars / North Dome field is a natural gas condensate field located in the Persian Gulf. It is the world's largest gas field, shared between Iran and Qatar.
According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensates