BAKU, Azerbaijan, Oct. 25
By Elnur Baghishov – Trend:
Iran has extracted a total of 1.99 trillion cubic meters of rich gas from the Iran-Qatar joint South Pars gas field (called North Dome in Qatar) since 2003, Managing Director of Iran's Pars Oil & Gas Company (POGC) Mohammad Meshkinfam said, Trend reports citing the POGC’s website.
The director emphasized that the value of products produced rich gas from South Pars gas field is estimated at $359 billion.
Meshkinfam added that Iran's share in the field is about 420 trillion cubic feet (about 11.9 trillion cubic meters). The South Pars accounts for 8 percent of the world's gas reserves and 50 percent of Iran's gas reserves.
“At present, 70 percent of the gas consumed in Iran is extracted from the South Pars gas field. So, the South Pars gas field produces 700 million cubic meters daily, while other fields produces a total of 252 million cubic meters of gas daily. In addition, daily 70 million cubic meters of gas are extracted in Iran together with oil,” he said.
The director also noted that Iran's South Pars gas field has 340 wells on 37 gas platforms. About 3,200 km of pipelines have been laid in connection with this field.
According to him, 28 main platforms of 37 platforms produce 28 million cubic meters of gas daily, while the remaining 20 platforms produce 14 million cubic meters of gas per day.
As reported, 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's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate. Iran has so far spent $90 billion on projects of the South Pars gas field.
The phases of the South Pars gas field are located in an area of 3.7 km. Iran has extracted more than 1.8 trillion cubic meters of gas and 2.2 billion barrels of gas condensate worth $335 billion by the end of last Iranian year (March 20, 2021).
Reportedly, Iran is to spend $25-$30 billion to maintain extraction from the South Pars gas field. Iran extracts daily 700 million cubic meters of gas from this field.
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