Drilling at Iran’s South Pars gas field phase 19 completed by 82%

Business Materials 24 December 2014 17:33 (UTC +04:00)

Baku, Azerbaijan, Dec. 24
By Fatih Karimov - Trend:

Drilling at Iran's South Pars gas field phase 19 has been completed by 82 percent.

Mahmoud Javaherian, Managing Director of POSCO Drilling Company, said that 10 wells have been drilled at phase 19 of the gas field, and five other wells will be drilled over the next two months, Iran's Shana news agency reported on Dec. 24.

The phase 19 of Iran's South Pars gas field will probably start early production next year.

The phase 19 of the South Pars gas field is developed to produce 50 million cubic meters (mcm) of gas, 77,000 barrels of gas condensate, one million metric tons of ethane and 1.1 million metric tons of liquefied natural gas per day.

Iran is currently producing 300 mcm of gas from South Pars per day.

The country has been trying to enhance its gas production by increasing foreign and domestic investments, especially in South Pars gas field.

The South Pars gas field, divided into 28 phases, is located in the Persian Gulf on the common border between Iran and Qatar. It is estimated that the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensate.