The Pars Oil and Gas Company (POGC) announced on Monday that Iran’s gas production capacity in the South Pars gas field will exceed 730 million cubic meters per day (mcm/d) during the winter of the upcoming Iranian calendar year, which begins on March 21, 2024.

According to Mohammad Hossein Motejalli, the CEO of POGC, this increase in winter output will be achieved through the activation of several wells in Phase 11 and platform 13A, as well as the implementation of a new pipeline in Phase 16. These measures are expected to result in a daily production increase of 30 mcm.

Shared by Iran and Qatar in the Persian Gulf region, the South Pars gas field holds 50 percent of Iran’s gas reserves and accounts for 70 percent of the country’s gas supply.

Even though the development of the South Pars gas field began over 23 years ago, ongoing projects are being carried out to maintain and enhance its production capacity as Motejalli noted.

Given Iran and Qatar’s gas extraction in the past years, pressure in the South Pars field’s reservoir has begun to decrease gradually. Hence, pressure-boosting projects are necessary for keeping gas production at its highest level and meeting domestic needs.

Iran’s Oil Minister, Javad Owji, has highlighted the importance of preserving the current production capacity to overcome the expected gas imbalance of 250mcm/d in winter. Giving Iran’s plan of implementing some energy efficiency projects across various sectors, increasing gas output is deemed essential.

To that end, Motejalli emphasized that the development of other gas fields, including Kish, North Pars, Belal, and Farzad B, is in progress.

An Iranian contractor and its foreign partners are conducting onshore and offshore studies on boosting pressure in the South Pars gas field, he added.