Pars Oil and Gas Company (POGC) has announced that Iran’s largest gas field, South Pars, has recorded a daily production of 700 million cubic meters (mcm), according to Tehran Times.
This is down to the 94% realization of the company’s development plans, with POGC’s managing director Mohammad Meshkinfam saying: “Of the total 39 offshore platforms of the South Pars development project, 37 have gone operational while 12 of the complex’s total onshore refineries are also currently operating.”
The South Pars gas field is expected to supply 75% of Iran’s gas needs over the next 25 years.
However, according to Meshkinfam, the more important part is maintaining high levels of production, thus there are plans to develop other reserves and boost the recovery factor of the currently active wells in the South Pars field.
The offshore field covers an area of 9,700 square kilometers, 3,700 square kilometers of which, called South Pars, are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers, called North Dome, are situated in Qatar’s territorial waters.