Iran’s Pars Oil and Gas Company’s Managing Director (POGC), Ali Akbar Shabanpour, said final stages in the development of platforms 19A, 21 and 18B for the country’s South Pars giant gas field are underway, with them coming on stream by late 2016 or early 2017 at the most. He added that the platforms will produce 500mcf/d of natural gas after they are fully developed, according to Iran Daily News.

South Pars is divide into 28 development phases and holds 40tcm of natural gas, accounting for about 21% of the world’s reserves, and approximately 50b barrels of condensate, reported Tasnim News. It covers an area of 9,700 square km, 3,700 square km of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square km are situated in Qatar’s territorial waters.

Egypt Oil&Gas reported in early August on the installation of platform 18B at field, with operations scheduled for December.