Iran boosts gas production at joint oilfield with Qatar

Oil&Gas Materials 24 October 2011 11:56 (UTC +04:00)

Azerbaijan, Baku, Oct. 24 / Trend F.Milad/

Iran has implemented a crash plan to boost natural gas output at the phase one of the South Pars gas field, which is associated with Qatar in the Persian Gulf.

Pars Oil and Gas Company's managing director, Mousa Souri, told Pana news agency that the project for boosting output at the oilfield's offshore section started in July relying completely on capabilities of Iranian experts.

The National Iranian Oil Company placed the strategic priority on the plan which is aimed to increase natural gas production capacity by 25 percent to reach one billion cubic meters, Souri added.

"All the detailed engineering, procurement as well as installing operations have been carried out by domestic contractors under the situation which economic sanctions are being applied against the country. This issue proves high potential and capability of Iranian manufacturers and engineers in implementing offshore oil and gas projects," he stressed.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.