Baku, Azerbaijan, Feb. 2
By Fatih Karimov - Trend:
Iran's South Pars gas field produced 95.18 billion cubic meters of natural gas in the first ten month of the current Iranian fiscal year (March 21, 2015-Jan. 21), the oil ministry's official SHANA news agency reported Feb. 2.
Iran expects that the figure to reach 130 bcm by the end of current fiscal year (March. 21, 2016).
The Islamic Republic is producing 420 million cubic meters per day (mcm/d) of gas from South Pars, located in southern regions, while the production level is projected to surpass 700 mcm/d by late 2018.
South Pars, divided into 24 development phases, contains 40 trillion cubic meters (tcm) of natural gas.
It covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar's territorial waters.
|
The phase name |
Output in the 10-month period (March 21, 2015-Jan. 21), in bcm |
|
1 |
6.521 |
|
2, 3 |
15.14 |
|
4,5 |
16.014 |
|
6,7, 8 |
21 |
|
9,10 |
10.988 |
|
12 |
10.988 |
|
15,16 |
7.645 |
|
17, 18 |
3.048 |
|
Total |
91.344 |
It should be noted the total value of the announced output for the phases is 3.84 bcm different with the published total output which is 95.184 billion. Meanwhile the oil ministry's official news agency has not provided any explanation on the issue.