SOUTH PARS GAS PRO­DUC­TION UP BY 35%

Qatar Today - - OIL GAS -

The South Pars gas pro­duc­tion in­creased by 35%, a turn­ing point in the de­vel­op­ment of the gas field, says Me­hdi Yousefi, Man­ag­ing Di­rec­tor of Pars Spe­cial Eco­nomic Energy Zone (PSEEZ). It would in­crease by 100 mil­lion cu­bic me­ters this year, he says.

South Pars con­tains 40 tril­lion cu­bic me­ters of nat­u­ral gas. It cov­ers an area of 9,700 sq km. Of which, 3,700 sq km are in Iran's ter­ri­to­rial wa­ters in the Per­sian Gulf. The re­main­ing 6,000 sq km are in Qatar's ter­ri­to­rial wa­ters. The gas field is es­ti­mated to con­tain about 8% of the world's re­serves, and ap­prox­i­mately 18 bil­lion bar­rels of con­den­sate. The main phase of South Pars gas field came on­stream in March this year, in­creas­ing Iran's gas pro­duc­tion by 100 mcm per day.

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