Azerbaijan, Baku, March 5 / Trend M. Moezzi /
Iran will carry out a strike plan to increase its daily gas production capacity by five million cubic meters at refineries at three phases of the Persian Gulf South Pars gas and oil field, Mehr news agency reported the company's managing director as saying.
The accelerated plan to push up production capacity at the South Pars gas field's phase six to eight is designed to cut back on the gas lost in the refineries' gas flares, said Mousa Souri, South Pars Oil and Gas Company's managing director. The amount of gas transferred to the refineries' flares was over the set standard, he added. The flares act as safety valves to reduce pressure and burn off excess gas.
Alterations to phases six, seven and eight's refineries are scheduled to be finished by late May.
South Pars Oil and Gas Company's ultimate goal for the three phases is the daily production of 104 million cubic meters of sour gas and dry gas, 158,000 barrels of gas condensates and 1.6 million tons of liquid gas (propane and butane).
Phases six to eight's offshore facilities include three production and drilling platforms and 30 wells.
Iran and Qatar share the 9,700 square kilometre South Pars gas and oil field. Qatar, however, is far ahead of Iran in exploiting the field's resources. It has intensified developing South Pars while Iran suffers international sanctions and technical and financial obstacles.