Tehran, Iran, April 12
By Mehdi Sepahvand - Trend:
Five phases of Iran’s giant gas field South Pars will officially come on stream in a few days, IRNA news agency reported April 12.
Phases 17, 18, 19, 20, and 21 were mostly developed during the Rouhani administration and will be inaugurated in the presence of high-profile Iranian and foreign guests.
South Pars, located in southern region, is divided into 24 development phases, and contains 40 trillion cubic meters 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 in Qatar’s territorial waters and is called the North Dome.
The Islamic Republic is producing over 560,000 billion cubic meters of gas per day from South Pars, while the production level is projected to surpass 700 mcm/d by late 2018.
Qatar in early April announced that it was lifting the moratorium on the North Dome after 12 years, aiming to increase the gas and gas condensate output by 10 percent (400,000 barrels per day of oil equivalent).
Iran calls the field South Pars and plans to surpass Qatar’s output by May 2017, when its production capacity from the joint field reaches 540 million cubic per day (mcm/d).
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