Output at Iran's South Pars phases 17 and 18 to hit 52 mcm

Iran Materials 19 September 2012 16:56 (UTC +04:00)

Azerbaijan, Baku, Sep.19/ Trend F.Milad/

Iran will produce 52 million cubic meters (mcm) of gas from phases 17 and 18 of the South Pars gas field, which is shared by Qatar, the project manager said.

Hassan Boyeri added that the phases will fully developed by the end of the next calendar year (March 20, 2013), the IRNA news agency reported.

The phases are projected to produce 50 mcm of sweetened gas, 1,900 tons of LPG, 1,750 tons of ethane, 400 tons of sulfur, and 77,000 barrels of condensates per day.

Oil Minister Rostam Qasemi has ordered all the contractors of the South Pars gas field development projects to work round the clock in three shifts to complete development of all phases, especially the phases 12, 15, 16, 17 and 18.

Iran has attached the priority on boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia, Qasemi said.

Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.