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Extraction from Iran's South Pars gas field exceeds plan

Oil&Gas Materials 25 February 2021 13:08
Extraction from Iran's South Pars gas field exceeds plan

BAKU, Azerbaijan, Feb. 25

By Elnur Baghishov – Trend:

Daily gas extraction from the Iran-Qatar joint South Pars gas field (North Dome in Qatar) in the current Iranian year (from March 20, 2020, through March 20, 2021), exceeded the plan by 16 million cubic meters, Managing Director of Iran's Pars Oil & Gas Company (POGC) Mohammad Meshkinfam said, Trend reports citing the POGC’s website.

The director noted that at present, 692 million cubic meters of gas are extracted from Iran's South Pars gas field daily. However, daily 676 million cubic meters of gas were to be extracted from this field under the plan.

Meshkinfam added that the extraction from the South Pars gas field is regulated by the country's consumption. If necessary, it is possible to be extracted more amount of gas than this figure.

The South Pars gas field (called North Dome in Qatar) 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 $90 billion on projects of the South Pars gas 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).

As reported, Iran is currently extracting 700 million cubic meters of gas per day from the gas field.

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