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Iran plans to boost South Pars gas output to 380 mcm by March

Business Materials 13 January 2015 14:15 (UTC +04:00)

Baku, Azerbaijan, Jan. 13

By Fatih Karimov - Trend:

Iran plans to boost South Pars gas field's output to 380 million cubic meters per day by the end of the current fiscal year (March 20).

Morteza Elahi, a senior official with the National Iranian Oil Company, said once the prioritized phases of the gas field come on stream, the field's output to 380 million cubic meters per day, Iran's IRNA news agency reported on Jan. 13.

The output of phase 12, which is the largest phase of the gas field, equals the output of three phases, he said, adding that the phase is projected to produce 84 mcm of gas per day.

Iran is currently producing 300 million cubic meters of gas from South Pars per day.

Ten onshore and six offshore phases of the South Pars gas field are being developed.

By completion of all phases of the South Pars gas field, it will produce 650,000 barrels of gas condensates, 6.7 million metric tons of liquid petroleum gas (LPG) and four million tons of ethane per day.

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