Theft exposed: South Pars to run out in 4 years

Oil&Gas Materials 5 December 2011 17:58 (UTC +04:00)

Azerbaijan, Baku, Dec. 5 / Trend M. Moezzi/

If serious thought isn't given to the South Pars reservoir shared by Iran and Qatar, there will be nothing to extract from the field, the Jahanesanat newspaper reports.

The Pars oil field is pear-shaped with its top pointing toward Qatar, which means hydrocarbon resources slope toward the country, Faribourz Panahi, petrol production designer, said.

Qatar is working to pull all the field's resources to itself over the next four years and if it succeeds, the well in Iran's direction will dip so low that it cannot used, Panahi said.

Iran and Qatar have shares in the South Pars gas field. The Iranian share which is divided into 29 phases, accounts for about 14 trillion cubic meters of gas, or about eight per cent of the total world reserves and more than 18 billion barrels of liquefied natural gas resources.