BAKU, Azerbaijan, Nov. 4
By Elnur Baghishov – Trend:
A drilling rig will be placed to drill 5 wells around the B platform of 11th phase of the Iran-Qatar joint South Pars gas field (called North Dome in Qatar), the Managing Director of Iran's Pars Oil & Gas Company (POGC) Iran Mohammad Meshkinfam said, Trend reports citing POGC.
Meshkinfam noted 7 more wells will be drilled around this platform after the launch of 5 wells.
The director added that in total, daily 1 billion cubic feet (56 million cubic meters) of rich gas is planned to extract from this platform.
France's Total and China's CNPCI companies have refused to operate in the 11th phase of the South Pars gas field as a result of US sanctions against Iran. According to this, the operations in this phase were fully entrusted to the Petropars Operation and Management Company (POMC).
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.