BAKU, Azerbaijan, November 20. The average daily production of gas associated with crude oil from the country’s oil fields was around 114 million cubic meters in the last Iranian year (from March 21, 2022 through March 20, 2023), said Mazahir Ansari, director general of the Health, Safety and Environment Department (HSE) of Iran's Oil Ministry, Trend reports.
He said that out of this amount, 70 percent or 79.6 million cubic meters of gas were collected daily, while the rest, 30 percent or 34 million cubic meters, were flared.
The director general also mentioned that 37.4 million cubic meters of gas associated with crude oil were processed and delivered to the country’s gas network.
Ansari added that the NGL-3100 gas processing plant, which is 85 percent complete, is expected to be operational by the end of the current Iranian year (March 19, 2024) to capture the flare gas. The plant will have a processing capacity of 240 million cubic feet (about 6.8 million cubic meters) of gas per day.
There are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields of the Iranian Central Oil Fields Company (ICOFC), 5 fields of the Arvandan Oil and Gas Company (AOGC), and 18 fields of the Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields are operated by the ICOFC, 1 field is operated by Pars Oil and Gas Company (POGC), and 3 gas fields are operated by the IOOC.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion barrels. With the available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
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