Iran's gas production from SP reaches 409 bcm

Oil&Gas Materials 14 July 2011 13:21 (UTC +04:00)

Azerbaijan, Baku, July 14 /Trend/

Iran has produced more than 409 billion cubic meters of gas from South Pars joint field with Qatar within the first three months of current solar year (June 20, 2011), Pananews reported quoting head of Coordination and Monitoring of South Pars Gas Complex Ali Ahmadi as saying.

Iran produces 200 million cubic meters of gas per day from the South Pars project.

Iran injected 367 million cubic meters of sour gas into Aghajari oil wells in the southern regions in the third month of solar year (from 20 May to 20 June). During this period, Iran produced 7.485 million barrels of condensate and refined 4.299 bcm gas, produced from South Pars.

The joint gas reservoir in South Pars holds 50 percent of country's gas reserves. Iran's portion of the field contains an estimate of 436 trillion cubic feet of gas.

South Pars oil and gas field is one of the largest in the world and is expected to produce up to $130 billion in revenues per year.

The South Pars oil and gas field covers an area of 3,700 square kilometers and is located in 3,000 meters below the seabed.