BAKU, Azerbaijan, May 16
By Elnur Baghishov - Trend
The gas production will begin to decline after five years at the Iran-Qatar joint South Pars gas field (this field is called North Dome in Qatar), said Managing Director of Iran's Pars Oil & Gas Company (POGC) Iran Mohammad Meshkinfam said, Trend reports citing official POGC website.
Currently, the decline in gas production is not noticeable, added the managing director.
Meshkinfam noted that however, with the full commissioning of phases of 11th, 13th, 14th, 22th and 24th, the production will not decline significantly in the first years following 2025, but afterwards, a substantial decrease will be observed.
The official said that platform A of the 12th phase produces 820 million cubic feet (23.2 million cubic meters) of gas per day, and platform C produces 230 million cubic feet (6.5 million cubic meters) of gas per day. The gas pressure in these two fields is decreasing.
“After excavations related to the D platform of the 12th phase, it was determined that the pressure in this part of the phase is very low and it is not profitable to build this platform,” he said.
Meshkinfam said that the gas pressure is high and production is at a maximum level in other phases of the field.
According to the director, given the declining production of the South Pars gas field in the near future, work must be done to increase production at this gas field to meet 75 percent of Iran's gas needs over the next 25 years.
"In addition to the South Pars gas field, the Iranian Pars Oil and Gas Company is developing the North Pars, Farzad A, Farzad B, Golshan, Ferdowsi, Kish and Belal fields," he said.
The South Pars gas field is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. At present, Iran's daily gas production from the South Pars gas field is more than 700 million cubic meters. Iran has so far spent $33 billion on projects related to the South Pars gas field.