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Iran reduces flare gas burning at South Pars by 43%

Business Materials 16 March 2016 11:20 (UTC +04:00)

Tehran, Iran, March 16

By Mehdi Sepahvand -- Trend:

Burning flare gas at the first 10 phases of South Pars has reduced by 43 percent, according to CEO of the Pars Special Economic Zone Mehdi Yousefi.

Right now five million cubic meters of flare gas is being kept from burning at these 10 phases, Yousefi said, adding the phases will experience a weekly reduction of 8.2 million cubic meters in flare gas burning in two years, SHANA news agency reported March 16.

He expressed satisfaction that all of the projects planned for future in the zone will enjoy the latest technological and environmental standards.

According to Iran Oil Ministry, it is planned to gather flared associated gas of 39 oil fields (50 phases) as well as 10 phases of South Pars gas field to prevent burning of 19.78 mcm/d gas in torches.

Fields, operated by four major companies, affiliated with Iran's Oil Ministry

Number of oil fields

Flare gas amount

Price (cent/cm)

National Iranian South Oil Company

21 fields

6.186 mcm/d

3.5 to 4.2

Iranian Offshore Oil Company

11 fields

10.173 mcm/d

1.75 to 3.5

Arvandan Oil & Gas Company

4 fields

2.778 mcm/d

3.5

Iranian Central Oil Fields Company

4 fields

0.3 mcm/d

3.5

South Pars gas field (phases 1 to 10)

10 phases

0.39 mcm/d

3.5

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