Iran, Qatar form technical group to develop joint oilfield
Iran and Qatar have established a technical group to supervise the development of the joint South Pars/North Dome oilfield, SHANA news agency quoted Qatar's state minister for energy and industrial affairs as saying.
During a meeting with Iranian Oil Minister Masoud Mirkazemi in Tehran on Wednesday, Mohammed Saleh Al-Sada said that the joint technical group will hold regular meetings to supervise the development of the joint field.
The South Pars/North Dome field is a natural gas condensate field located on the Persian Gulf. It is the world''s largest gas field, shared between Iran and Qatar.
This gas field covers an area of 9700 square kilometers, of which 3700 square kilometers (South Pars) is in Iranian territorial waters and 6000 square kilometers (North Dome) is in Qatari territorial waters.
It is estimated to hold around 1800 trillion cubic feet (51 trillion cubic meters) of gas in place and some 50 billion barrels of condensate.
The field''s recoverable gas reserve is equivalent to some 215 billion barrel of oil and it also holds about 16 billion barrels of recoverable condensate corresponding of about 230 billion barrel of oil equivalent recoverable hydrocarbons.