Iran Discovers New Gas Field

Iran Discovers New Gas Field

Iran says it has discovered a new gas field close to the giant South Pars natural gas field, which it jointly shares with Qatar, Press TV reported. The field, called Sepand, has 1.5tcf of sweet gas, of which about 792bcf could be recoverable.

Sepand is independent from South Pars, Oil Price informed, citing an unnamed official at the National Iranian Oil Company (NIOC) who spoke to local media. It is not yet clear if the newly discovered gas field is also shared with Qatar.

“One of the most important features of the new field is that it has a wide horizontal natural gas structure,” the official was quoted as saying. He further added that the drilling of an exploration well would soon start.

South Pars gas field, which is located in the Persian Gulf, hosts the bulk of Iran’s natural gas reserves. The joint field, called the North Dome field in Qatar, is the world’s biggest largest gas field with estimated reserves of 51tcm of natural gas and some 50b barrels of condensate.


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