BAKU, Azerbaijan August 29
By Elnur Baghishov – Trend:
A total of 336 wells have been drilled on the Iranian side of the Iran-Qatar joint South Pars gas field (called North Dome in Qatar) so far, Managing Director of Iran's Pars Oil & Gas Company (POGC) Iran Mohammad Meshkinfam said, Trend reports citing POGC.
Meshkinfam stressed that 228 of these wells have been upgraded and put into operation over the past seven years (the current Iranian government came to power in August 2013).
He added that at present, Iran's gas extraction potential from the South Pars gas field is 700 million cubic meters per day.
The director noted that the South Pars gas field has a total of 39 platforms. Some 37 of them have been installed.
"There are 13 gas refinery planned for refining of gas from the South Pars gas field. Twelve of them are in operation, and the first phase of the 14th phase's refinery is expected to be commissioned by the end of current Iranian year (March 21, 2021)," he said.
According to Meshkinfam, Iran is expected to supply 75 percent of the gas it needs by increasing the pressure in the wells of the South Pars gas field over the next 25 years.
"In addition, 45 percent of the gasoline fuel currently produced in Iran is supplied by this field," 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. Iran has so far spent $33 billion on projects of the South Pars gas field. Around 75 percent of Iran's gas is supplied by this field.
Iran extracted 570 million cubic meters of gas per day from this field in the last Iranian year (from March 21, 2019 to March 20, 2020). It is planned to extract 630 million cubic meters of gas per day from this field in the current Iranian year (from March 20, 2020 to March 21, 2021).